South Korea's LG Electronics Inc. lost its top position in the plasma display panel (PDP) market last year to a Japanese rival, a market researcher said Wednesday.
According to DisplaySearch, LG Electronics's market share stood at 21.5 percent as of the end of December, while Matsushita far outperformed them with a 40.1 percent share.
LG Electronics had maintained its top position by a small margin over the Japanese flat panel maker until the third quarter of 2006, but the researcher said the price declines of popular 40-inch PDP products during the final three months dented the South Korean company's market share more than other manufacturers.
Samsung SDI Co., a unit of South Korea's Samsung Group, placed a close third with a 20.8 percent market share, the researcher said, not specifying how many PDPs were sold by individual manufacturers last year.
Seoul, Jan. 31 (Yonhap News)
LG Electronics loses its top status in PDP market to Japanese rival |
