LCD manufacturer LG Philips LCD (ticker: LPL) reported Q4 2005 earnings results yesterday. President and CFO Ron H. Wirahadiraksa had the following to say about TV demand in China during management's conference call with analysts:
In addition, we’ve experienced greater than expected demand in our 37″ and 42″ TV panels. We know that much of this consumer demand is being driven by the continuance emergence of the HDTV in many applications, and we believe this will continue into 2006. Even more compelling, we experienced strong demands across all geographies including Europe, the United States and especially China, where we currently hold close to 50% of the LCD TV panel market. The demand in China has been stronger than expected with an LCD TV growth rate of more than 600% year-on-year according to DisplaySearch, in part due to a greater consumer demand for large and wide LCD TVs.
You can read the rest of LPL's conference call transcript here.