One would think that a shitty economy = more cheap stuff for us consumers, right? You know, the whole "go out and shop!" brand of problem-solving we've become accustomed to? Not this time.
Analysts at DisplaySearch have told Eric Taub at the NYTimes that they are projecting a dismal year for TV sales in 2009: not only are sales of all TVs expected to decline in all of North America by 4%, LCD TV sales are expected to grow only 2%. That's compared to a 22% gain in 2008 and 77% in 2007. Always thought to be recession proof, TVs are getting hit.
But why the slowdown on continuously plunging prices? Expecting reduced sales, panel factories are cutting back on production. And if you've been paying attention, you know that production efficiencies at high volume (via things like 150-inch panels of mother glass) are what drives prices down.