<p class="P1"> The holding of the 2012 Olympic Games this summer in London may not be able to stir up replacement demand for LCD TVs due to a slow recovery of the global economy, especially in Europe, according to industry sources.</p> <p class="P2"> The last replacement demand for TVs happened in 2005-2006, and a new round of replacement demand is expected to take place this year, given that LCD TVs generally have a product life cycle of seven years, the sources noted.</p> <p class="P1"> However, due to the increasing popularity of hand-held mobile devices, coupled with a slow economic recovery, this upcoming replacement demand may not reach its peak in 2012, the sources commented.</p> <p class="P2"> Most TV makers have estimated that global shipments of LCD TVs will grow within a range of 10% to 216-217 million units in 2012. Among branded vendors, Samsung Electronics and LG Electronics are expected to ship 40 million and 30 million TVs, respectively, this year, the sources estimated.</p>