High Definition TV is now in one-thrid of US households, according to a recent report from Leichtman Research Group. They also report that this is double the number in just two years. The report cites the following for the increase:
The growth of HDTV sets was largely driven by on-going consumer purchasing of TV sets coupled with a dwindling supply of lower-end non-HDTV sets being sold. Overall, 22% of all households purchased a new TV set in the past 12 months, with 43% of this group spending over $1,000 on a new TV.
Another news item states that the US Justice Dept. announced that LG, Sharp and another company plead guilty to price fixing LCD displays. The three companies conspired to set prices high in order to increase their profits. The article from CNet also stated that:
The three companies worked in concert to set prices on thin-film transistor LCDs, which are used in computer monitors, notebooks, televisions, mobile phones, and various electronics, according to the antitrust unit of the Justice Department.
It should be interesting to see how the sale of HDTVs goes this holiday season. Some are predicting a dismal holiday.