Report finds TV sales staying strong in recession

May 27, 2009 By PETER SVENSSON , AP Technology Writer

(AP) -- Never mind the lousy economy: Flat-panel TVs are still flying off the shelves in the U.S. and Canada.

Sales of new flat-panel TVs totaled 7.8 million in the first three months of the year, an increase of 17 percent from the same period in 2008, research firm iSuppli Corp. said Wednesday.

had declined in the fourth quarter from the year before, and the industry was expecting to see that trend continue into this year. Sales are still declining overseas, but North American consumers seem to have a special love for big sets and are going against the flow.

ISuppli's vice president of displays, Joe Abelson, attributed the increase to "cocooning." People who have cut back on travel and other spending still find the money to improve their home entertainment setup, he said.

Consumers are looking for cheaper sets, and they're more likely to go to cheaper stores. Wal-Mart Stores Inc. nearly matched Co.'s sales volume, iSuppli said.

Co. remained the largest seller of flat panels in the U.S. market. Value brand Vizio Inc. overtook Corp. in the No. 2 slot.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: MasterCard, Zwipe announce fingerprint-sensor card

add to favorites email to friend print save as pdf

Related Stories

Mobile phone sales up six pct in 2008, 4th qtr weak

Mar 03, 2009

Mobile phone sales grew by six percent in 2008 over the previous year but fell nearly five percent in the fourth quarter as the global economy weakened, market research firm Gartner said on Tuesday.

Sony to slash suppliers as CEO's mettle tested

May 21, 2009

(AP) -- Sony Corp. said it will halve the number of parts suppliers to slash costs under a turnaround plan that's testing the mettle of Chief Executive Howard Stringer.

LCD Panel Prices Slide

Aug 21, 2004

iSuppli/Stanford Resources published a report on LCD panel prices. Prices for large-sized LCD panels for notebooks and LCD monitors have begun declining this month, bringing an end to a five-quarter period of ...

March video game sales slump more than expected

Apr 17, 2009

(AP) -- U.S. video game sales slumped more than expected in March and were flat in the first quarter when compared with a year earlier - hurt by the recession, a shift in the Easter calendar and fewer big game launches.

World semiconductor sales up 5 percent

Nov 01, 2005

World semiconductor sales grew more than 5 percent in September as demand remained robust and driven by brisk markets for cell phones and personal computers.

Global crisis hits smartphone sales

Mar 12, 2009

Worldwide sales of hi-tech "smartphones" grew at their slowest pace yet in the fourth quarter of 2008 as the financial crisis hit demand, a research firm said Thursday.

Recommended for you

MasterCard, Zwipe announce fingerprint-sensor card

Oct 18, 2014

On Friday, MasterCard and Oslo, Norway-based Zwipe announced the launch of a contactless payment card featuring an integrated fingerprint sensor. Say goodbye to PINs. This card, they said, is the world's ...

Apple starts iPhone 6 sales in key China market

Oct 17, 2014

Apple began selling its latest iPhone in China Friday, nearly a month after other major territories due to a licence delay by regulators, but it faces a tough battle with rivals led by Samsung in the crucial ...

Microsoft CEO launches diversity training effort

Oct 17, 2014

(AP)—Microsoft CEO Satya Nadella has again apologized to employees and announced in a company-wide memo that all workers will receive expanded training on how to foster an inclusive culture as he works to repair damage ...

Arguments made in ex-dictator's suit against game

Oct 17, 2014

(AP)—A judge has heard arguments from lawyer and former New York City Mayor Rudy Giuliani calling for the dismissal of a lawsuit filed against video game giant Activision by former Panamanian dictator Manuel Noriega.

User comments : 0