Skyworth plans to cut LED TV prices to promote the sale

According to the Chairman and President of China TV manufacturer Skyworth Zhang Xuebin, Skyworth is planned to cut the prices of LED flat-panel televisions in the next six months to promote the sales.

Zhang added that Chinese TV producers cut prices of about 25% in old TV models between April and June.

In addition, in fiscal year 2010 ended March 2011, the Hong Kong-listed firm aims to sell from 7.5 million to 9.5 million TVs on mainland China and 2 million units out of the domestic market.

Because there are still over 400 million CRT TVs, the old TV models in the market, CFO Leung Chi Ching said that he is cautiously optimistic about the prospects of China's LED TV market.

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