Economy Down, HDTV Sales To Pick Up?

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Economy Down, HDTV Sales To Pick Up?

hdtv home_callout1.gifEconomy down, oil prices up ... Hey, time to buy a new HDTV!

With the February 2009 digital TV transition looming, HDTV suppliers are expecting a good fourth quarter and hoping for a minimum of price cuts along the way.

That is what executives with LG Electronics, Sharp, Toshiba, Mitsubishi and JVC had to say at a recent meeting reported in TWICE.

Scott Ramirez, Toshiba's TV marketing VP, indicated that his company will be rolling out a major introduction of HDTVs with increased features.

While that will be good for Toshiba, he said that overall demand of HDTVs will be strong in the fourth quarter. And he does not see much in the way of traumatic price cuts. 

Steve McNally, consumer electronics sales VP, LG Electronics, reported that HDTV sales "have been good for us" recently and that LG "is meeting [its] sales goals, which means we are outpacing some with our growth." 

(But I bet he would see a lot more!) 

Read more about it here.

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