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Average Price of 40-inch LCD Drops 12% in Q3, PriceSCAN Says
Price index of a 40-inch LCD fell 6 percent in September, according to PriceSCAN.
The average price of a 40-inch 1080p LCD dropped 12 percent in Q3 2008, according to the latest price index from PriceSCAN.
The price index dropped 6 percent in September alone, according to the company. PriceSCAN says there was a 6-percent decline in Q2 2008 and no decrease in Q1.
PriceSCAN co-CEO and chief economist Jeff Trester says the price decline is a bad sign for the coming holiday season.
"This is a fairly stunning drop in the price of state-of-the-art high-definition televisions of a size sought by many households," says PriceSCAN co-CEO and chief economist Jeff Trester.
"One would have to consider 40-inch 1080p LCD televisions a bellwether of the consumer electronics market, so this current accelerating price decline may be indicative of the economic slowdown and financial crisis affecting the retail sector."
Manufacturers recently started outsourcing more LCD production, including Sony, the second-largest LCD manufacturer in the world.
Several manufacturers also cut the price of their HDTVs by $400. Quixel Research says LCD sales increased 25 percent in Q2.
The price index dropped 6 percent in September alone, according to the company. PriceSCAN says there was a 6-percent decline in Q2 2008 and no decrease in Q1.
PriceSCAN co-CEO and chief economist Jeff Trester says the price decline is a bad sign for the coming holiday season.
"This is a fairly stunning drop in the price of state-of-the-art high-definition televisions of a size sought by many households," says PriceSCAN co-CEO and chief economist Jeff Trester.
"One would have to consider 40-inch 1080p LCD televisions a bellwether of the consumer electronics market, so this current accelerating price decline may be indicative of the economic slowdown and financial crisis affecting the retail sector."
Manufacturers recently started outsourcing more LCD production, including Sony, the second-largest LCD manufacturer in the world.
Several manufacturers also cut the price of their HDTVs by $400. Quixel Research says LCD sales increased 25 percent in Q2.
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Steve Crowe, Web Editor
Steve is an editor for cepro.com. He graduated from Emerson College with a B.A. in Journalism. He joined the CE Pro staff in 2008. Steve is also a freelance sports writer for The Boston Globe and other various publications.
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