Large LCD HDTVs to see price drop due to weak demand, economy
A considerable decline in LCD panel prices this fall means consumers can expect 42-inch, 1080p HDTVs to weigh in at sub-$400 price points on Black Friday, said research group IHS. Great news for early holiday shoppers, but a persistent drop-off in demand could leave retailers seeing red.
“Slumping demand in Western Europe and North America are primarily to blame for the poor performance of LCD TV panels,” said Sweta Dash, senior director for LCD research at IHS. “Given the already faltering economies of those regions and the threat of a double-dip recession looming, global LCD TV shipments continue to suffer, impacting the TV panel market especially hard.”
The average price of notebook, monitor and TV panels prices dropped nearly 4 percent in September, noted Dash. However, TV panels were hit hardest by lackluster consumer demand. The researcher revealed a nearly 5 percent slump that month was the largest decline in a year.
While October figures were not divulged, IHS’ early analysis revealed similar price reductions. Dash said piddling demand in the West was only part of the problem, citing China as an outlying cause.
“Panel purchases in China are mostly completed by August in anticipation of the country’s National Day celebrations in October – a week-long event that normally sees a surge in consumer purchases, including those for televisions,” she explained. “The next big splurge by China on LCD TV panels is not expected until the end of the year, timed to coincide with Lunar New Year festivities in late January of 2012.”
Buying a new LCD TV next week? Let us know what you’ve been eying in the comment section.
2 Comments on Large LCD HDTVs to see price drop due to weak demand, economy
- Posts: 225
- Posted on: 20 Nov 11 03:52
- Posts: 53
- Posted on: 19 Dec 11 09:30
Most popular headlines
- Tue 16 Apr 16:12 by DoMiN8ToR
- Software, Windows 8
The upcoming update of Windows 8 might allow users to boot to the desktop again.
- Fri 12 Apr 15:10 by DoMiN8ToR
The number of jobs in the film and music industry in the United States has increased despite the claimed negative effects of illegal downloads.
- Tue 9 Apr 14:23 by DoMiN8ToR
The PirateBay has moved to the domain thepiratebay.gl in fear that their previous domain would be ceased by Swedish authorities
- Wed 17 Apr 13:57 by DoMiN8ToR
- Solid State (ssd)
A Chinese tech site has posted a picture that reveals details on Intel's 9 series chipset.