Oversupply of LCD panels will lead to a huge plunge in prices of LCD TVs

By Stephen Silver

Oversupply of LCD panels will lead to a huge plunge in prices of LCD TVs this fall and leading into the holiday season, according to numbers released this week by DisplaySearch, as cited by CNNMoney.

DisplaySearch predicted that by the holidays, average LCD prices will have dropped 12 percent over the same time in 2009.

The oversupply was created by pent-up demand throughout the year.

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TV Prices Seen Plunging For Holidays