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Flatscreen TV sales soar on both sides of Atlantic

May 11th, 2006 · No Comments

The UK’s retail gloom persists, but across the Atlantic, the sun is shining. Consumer electronics sales of the top 100 US dealers exceeded $100 billion Dollars for the first time, according to the US trade paper TWICE and market analyst The Stevenson Company.
Flatpanel TVs, music players and digital cameras drove revenue up 10.9 percent in 2005, to $108.5 billion, up from 7.9 per cent in 2004.
The figures highlight trends that will alarm traditional independent dealers. The 10 largest retailers did 56 percent of all business, and internet retailing in CE is growing fast.
The latest industry sales data for the UK reveals that and to a much greater extent are the only real success stories. Everything else, bar portable music players, is down, with the biggest losers being the VCR and CRT sectors. LCD is up 170 per cent in volume, compared to plasma at 80 per cent. It’s estimated that the retail value of high-end LCD TV in 2006 will be over 1400 million Pounds, compared to plasma at over 520 million. However, prices continue to slide, as “retail pressure” persists; as the sector moves to over-supply, how long will the value remain in the market?

Tags: High definition TV · LCD TV · Trade

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