75% of TV shipments were flat TVs in Q2 2007

Flat panel TV shipments accounted for more than 75% of total TV shipments in the top three regions: Japan, Western Europe and North America. Worldwide, flat panel TV shipments rose from 37% in Q1 2007 to 43% in Q2 2007 as prices vs. conventional CRT sets continued to narrow. Sequential growth was up more than 20% QTQ in North America, Middle East and Africa, Asia Pacific, and Latin America. On a revenue basis, penetration is now above 50% in all regions, except for Latin America, with the worldwide flat panel TV revenue share rising from 74% to 79%. Global TV shipments were up 1% YTY while falling 6% QTQ on seasonal weakness to 43 mln units. Despite the YTY unit growth, global TV revenues were down 4% YTY and 3% QTQ to $23 bln with ASPs down 5% YTY while rising 3% QTQ to $528, representing the first quarter that revenues and ASPs were down on a YTY basis in 2.5 years.