PriceSCAN: 40-inch Plasma TV Index Drops 3% Last Week

The 40-inch plasma TV index has dropped 3 percent after "relative stability" through the holidays, according to PriceSCAN.

PriceSCAN says the index dropped 3.4 percent in the last week, following a 2 percent decline during holiday shopping.

Analysts were predicting cheap holiday prices on HDTVs, and, according to ABI Research, 18 percent of holiday shoppers planned on buying a TV.

Good signs for those integrators who hang and bang. Overall holiday sales, however, decreased as the CEA lowered its forecast to 0.1 percent growth.

Hopefully some integrators capitalized on the holiday HDTV sales.

"In the wake of a dismal holiday season, vendor desire to slash unsold inventory may be combining with the challenge from LCD technology to produce greater downward pressure on plasma television prices," says PriceSCAN co-CEO and chief economist Jeff Trester.