05.20.2008 10:40 AM
Originally featured on BroadcastEngineering.com
U.S. consumers to continue opening wallets for electronics, HDTVs, says CEA

From April 2007 until the end of March 2008, U.S. households reported spending on average $1405 on consumer electronics, $120 more than the year before, according to research released April 24 from the Consumer Electronics Association (CEA).

The study, “The 10th Annual Household CE Ownership and Market Potential Study,” showed HDTVs will have the highest growth in household penetration rates this year. More than 50 percent of U.S. homes already own a digital television, and it looks like HDTV has the potential to match that household penetration by the end of the year, said Chris Ely, CEA’s senior analyst.

According to Ely, several factors are responsible for the uptake, including the impending Feb. 17, 2009, DTV transition, lower HDTV prices and growing awareness of the benefits of HD.

Despite uncertain economic times, the growth in the consumer electronics industry is projected to continue in 2008. With strong growth in several categories, including flat-panel displays, PCs and video game systems, the industry is on pace to outperform last year’s total of $161 billion in overall shipment revenues.

For more information, visit www.CE.org.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Thursday 11:07 AM
The Best Deconstruction of a 4K Shoot You'll Ever Read
With higher resolutions and larger HD screens, wide shots using very wide lenses can be a problem because they allow viewers to see that infinity doesn’t quite resolve into perfect sharpness.

Featured Articles
Discover TV Technology