Samsung forced to lower LCD TV prices

Samsung Electronics recently lowered LCD TV prices by 18-20% due to inventory pressure from poor sales in the US, according to sources in the industry. Chi Mei Optoelectronics (CMO), a key Taiwanese LCD TV panel maker, is also set to cut prices. US retailer giant Wal-Mart returned US$200 million worth of LCD TV stock to Samsung due to unsatisfactory sales.

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Wolfgang Gruener is an experienced professional in digital strategy and content, specializing in web strategy, content architecture, user experience, and applying AI in content operations within the insurtech industry. His previous roles include Director, Digital Strategy and Content Experience at American Eagle, Managing Editor at TG Daily, and contributing to publications like Tom's Guide and Tom's Hardware.