TV sales predicted to drop in 2009

After reading that television sales were going to be huge this holiday season, DisplaySearch has made an astonishing prediction. DisplaySearch predicts that TV sales will drop by 4% in 2009. This figure is a decline in all television sales, LCD sales are predicted to increase by 2%.

Call me crazy, but that seems to make sense to me. There were dramatic price cuts in televisions starting before Black Friday and a good HDTV can still be picked up with significant savings. People were buying televisions in the past couple of months. If you just bought a new TV in 2008, why would you bother to do so in 2009? The digital conversion probably drove sales in 2008 and should slow down in 2009.

Read: [IHT.com]