Sharp keeps 2012/13 sales forecast for TVs, cuts LCD panels

Features Reuters

Sharp Corp maintained its LCD TV sales forecast at 8 million televisions on Thursday even as the Japanese TV maker deals with a shrinking home market and increased industry competition.

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But the consumer electronics maker cut its estimate for liquid crystal display panel sales in the year to next March to 880 billion yen ($11.01 billion) from an earlier projection for 900 billion yen.

($1 = 79.9300 Japanese yen)

(Reporting by Tim Kelly; Writing by James Topham; Editing by Michael Watson)