What gadget is topping consumer shopping lists? (Hint: It's
not a tablet.)
According to Tamara Chuang at The Street, It's a TV.
according to a study
by the NPD Group, tablets, smartphones and video game consoles ranked high on
shopping lists, but flat-screen TVs are the most anticipated
consumer-electronic purchase, with 28% of people planning to buy one within two
years, compared to 20% who plan to buy a tablet.
Ben Arnold, NPD's director of industry analysis, said it may
seem surprising that such a mature product category tops the list. But TVs are
perhaps the most ubiquitous household electronic device -- he estimates 99% of U.S. households
own one. At any given moment, more people will buy a new TV than, for example,
a sound bar.
But the other big reason consumers still have a TV on the
brain: falling prices on LCD TVs.
"The idea that TV prices are continually falling and
becoming more affordable has become part of the consumer psyche over buying
TVs. And I'm sure that a lot of consumers wait until Black Friday, when they
expect prices to be the lowest. I also would add that we've seen a real move
into big screens, and increased affordability is a huge part of that," he
said.
Other forces are at work to help prices plummet: LCD glass
is getting cheaper due to an oversupply. Glass-panel factories in Asia overestimated demand and slowed production this
year, according to Sweta Dash, senior director of display research and strategy
at IHS iSuppli. This translates into an oversupply, meaning lower TV prices for
consumers worldwide.
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