LCD TVs overtook CRT TVs in 2007

DisplaySearch reported that global TV shipments grew 21% QTQ and 5% YTY to 60.8 mln units, which brought 2007 total shipments to almost 200 mln units worldwide. For the full year in 2007, TV revenues exceeded $100 bln for the first time, with Q4 2007 revenues climbing 10% YTY and 26% QTQ to a record $32.9 bln. DisplaySearch reported that LCD TV shipments worldwide overtook CRT TV shipments for the first time, after rising 56% YTY to a record of more than 28.5 mln units or 47% of the world TV market.