More consumers in Russia have shifted to online and mobile platforms due to the rapid expansion of the 4G network and the maturation of mobile payment services in the country. Consequently, the Russian smartphone market is also growing at an accelerated pace.
The latest large-size LCD panel shipment report by WitsView, a division of TrendForce, says a total of 22.73 million units of LCD TV panels were shipped in December 2015, down 0.02% from November and up 4.1% year on year. Iris Hu, WitsView assistant research manager, said that even though TV vendors had finished stocked up for the peak season, shipments remained strong throughout the fourth quarter due to high capacity utilization by panel makers and falling prices.
