REMEMBER the old joke about the dim tailor who makes a loss on each piece of clothing but hopes to make it up in volume? That describes the market for flat-panel screens for televisions. None of the companies that produce liquid crystal display (LCD) panels—Samsung and LG Display from South Korea, Japan’s Sharp and Panasonic, their Taiwanese rivals—makes money from it. Between 2004 and 2010 the industry suffered cumulative economic losses of $13 billion, calculates Alberto Moel of Sanford C. Bernstein, a broker.
Television-making: Cracking up | The Economist:
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