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Print 26 comment(s) - last by subflava.. on May 28 at 5:06 PM

HDTV sales continue to rack up, even in a sluggish economy

Even though many consumer markets have struggled the past few months, market research indicates the high-definition TV market continues to thrive, with Q1 sales numbers increasing 17 percent up to 7.8 million units sold.

"Amid the current economic downturn, a new wave of cocooning has hit, with recession-wary U.S. consumers eschewing travel, staying home and watching their televisions,” said Joe Abelson, iSuppli VP of displays.  “However, they still are finding enough money to buy new flat-panel sets that offer superior pictures and larger sizes.”

Many consumers are targeting cheaper TVs made by value brands, with HDTV adoption rates expected to continue to increase.  Around 70 percent of all TV purchases were valued at $1,000 or less, a seven percent increase from the same time in 2008.    

"Despite the current economic climate, HD is on course to becoming the benchmark in television viewing," Nielsen researchers said.  "As prices of HDTVs continue to fall and circumstances such as the Digital Television Transition create opportunities to further promote HD sets and services, HDTV will gain a greater foothold in U.S. television homes."

Research published at the end of last year by Nielsen indicated HDTV penetration was the highest in Washington D.C., Boston and New York City, with sporting events from the NFL and NBA still the most popular HDTV programs.  At the end of last year, 23.2 percent -- around 26 million U.S. homes -- had at least one HDTV.

An increasing number of content providers are rolling out HD channels, with at least one channel, HDNet, designed specifically to handle a variety of sports programming and other content available in HD only.

Furthermore, standalone Blu-ray player sales also increased due to falling prices of the players, movies and HDTVs, the NPD Group said in a statement published a few weeks ago.  A living room with a Blu-ray player and HDTV is a combination expected to help get consumers to watch more movies and HD content while avoiding other leisure activities.



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Can you even buy a non-HD tv?
By tmouse on 5/28/2009 8:30:05 AM , Rating: 4
Of course its growing, its pretty much the only game in town. Many have bought one in part due to confusion over the digital Tv switch over. It will undoubtedly continue to grow but the number of sets per household will probably drop due to the higher price per unit. So this is news? Seems more like blog bait to me.




RE: Can you even buy a non-HD tv?
By mdogs444 on 5/28/2009 8:52:22 AM , Rating: 4
quote:
It will undoubtedly continue to grow but the number of sets per household will probably drop due to the higher price per unit.

Not sure what you mean by this, but televisions are probably cheaper now than they've ever been. Look back 20 or so years ago and tell me what a standard 32" Sony Trinitron tube tv went for.

Televisions now are very affordable, smaller in size, wall mountable, and serve multiple functions (movies, computer screens, games, etc), so people will probably have more per household than they used to have. I live by myself, gf lives there part time, and have a 3 bedroom townhouse with 6 LCD & Plasma televisions. Necessary? No. But they take up little space and are affordable to put where you want.


RE: Can you even buy a non-HD tv?
By tmouse on 5/28/2009 9:07:56 AM , Rating: 3
Pre flat screens; the average price was around $250,these were smaller sets of course, but $500 was considered the limit the average consumer would pay for a television. The average home had between 3 to 5 televisions. Now the average is closer to $700 for the sets offered in the major box stores (that's for sets above 26 inches). With respect, your situation is far from average.


RE: Can you even buy a non-HD tv?
By mdogs444 on 5/28/2009 9:14:51 AM , Rating: 2
quote:
the average price was around $250,these were smaller sets of course, but $500 was considered the limit the average consumer would pay for a television.

Not sure if we're all just throwing around bunk statistics or not. But the reason I said they are cheaper is because we paid about $2000 for a 32" Sony Trinitron back in the 80's which was supposed to be one of the best of its kind.

Your saying the average is about $700 for the tv set today, but what is the average size? Back 20 years ago, the average size was probably in the 27" range for that price if not more.


RE: Can you even buy a non-HD tv?
By tmouse on 5/28/2009 9:19:42 AM , Rating: 2
Your right the sets are bigger today, but people do not look a tv's as a price per unit item in general. Its the cost, now size is a factor (where have I heard that before?) but I am saying the average price for a Tv is significantly higher today than only 5 years ago. The average family will probably have fewer but large Tv's.


RE: Can you even buy a non-HD tv?
By tmouse on 5/28/2009 9:14:34 AM , Rating: 2
That should be 40 inch not 26, must stop working on three things at once or add a third monitor to my desk.


RE: Can you even buy a non-HD tv?
By Ratinator on 5/28/2009 12:27:42 PM , Rating: 2
3-5 average....wow, everyone I know must be poor or something. 2-3 average sounds more reasonable.


RE: Can you even buy a non-HD tv?
By kake on 5/28/2009 12:40:33 PM , Rating: 2
Indeed. I know of only one person who has more than two screens in their house, and that's because their kids are antisocial.


RE: Can you even buy a non-HD tv?
By Spuke on 5/28/2009 2:24:19 PM , Rating: 2
I have four TV's. Three are CRT's that I've had for quite a while though. My newest TV is three years old (DLP).


RE: Can you even buy a non-HD tv?
By subflava on 5/28/2009 5:06:06 PM , Rating: 2
Keep in mind the effects inflation. $500 20 years ago is equivalent to around $1000 today (assuming a 3.5% inflation rate or so) In relative terms TV's seem a lot cheaper today from what I remember. Seems 27" TV's were the "standard" back in the early 90's and they were $400 for the cheap no names. My dad paid like $700 for a 27" Sony in the early 90's.


RE: Can you even buy a non-HD tv?
By KentState on 5/28/2009 9:16:14 AM , Rating: 3
Agree. I distinctly remember buying a 20" tv in 1995 for around $300. Then in 2001 I purchased a Panasonic 27" for around $450. Just quickly looking through Neweggs LCD tv's, it appears that the prices are just as good if not better than 10 years ago for the same size set.


RE: Can you even buy a non-HD tv?
By tmouse on 5/28/2009 9:23:24 AM , Rating: 2
I did say box stores, they usually do not carry many sets smaller than 37 inches (too small a profit margin). Most people still but Tv's locally.


RE: Can you even buy a non-HD tv?
By grandpope on 5/28/2009 11:44:21 AM , Rating: 1
If your comment was posted on wikipedia, it would have been deleted already due to a grip o' statements and no links to support it.

This seems more like blog bait to me.


RE: Can you even buy a non-HD tv?
By Hiawa23 on 5/28/2009 2:17:21 PM , Rating: 2
One aspect no one has mentioned is that I think the Xbox 360 & PS3 has contributed to an increase in HDTV sales, cause the only reason I bought both of my HDTVs was for this reason alone. I am fine with SD for TV & movie viewing but gaming in HD has just added another level of enjoyment for me.


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