Harry Wang, director of research at Parks Associates in Dallas, said that by the time the economic reality sank in during the late summer, it was too late for panel makers to shut down production. A large inventory should translate into lower prices for TV manufacturers, retailers and consumers.
Parks Associates has estimated this is the year that HDTVs will cross the penetration mark of 50 percent of U.S. households. But lackluster holiday sales could prevent the figure from hitting Parks' earlier projected figure of 56 percent of U.S. households.
From the article "Good news: Cheaper electronics for the holiday season," by Jeff Smith.
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