TCL might adjust price in 2nd half year

TCL International (1070) is likely to downward adjust price for TV sets in 2nd half year. In the first five month, the sales for TV sets and computers were 2.4mln and 80000 respectively. According to Xin Pao Daily, although average prices for TV went down by 10%, gross profit was down only 2%. Spokesman of the company said the company will continue to launch new products to cope with market competition.

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