Sales of LCD TVs boom
March 7, 2006
LCD televisions are projected to be among the top three fastest-growing consumer electronic devices between 2003-2009, according to a recent report from In-Stat.
With a combined annual growth rate of 52.3 percent, LCD televisions were second to digital audio players at 57 percent and just ahead of DVD recorders at 52.3 percent, according to In-Stat.
The report, “It’s All in the Eye of the Consumer: 2005 Consumer Electronics Roll-up” also found that analog television sales will decline by 15.3 percent on a combined annual growth rate basis as they are squeezed out by digital televisions.
For more information, visit www.instat.com.
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