Excerpt from our One Page Annotated Wall Street Journal Summary (receive it by email every morning by signing up here):
Flat-Panel TVs Gain Popularity
Summary: According to a survey released yesterday by NPD Group, 40% of TV-owners plan to buy a new TV set in the next year, with 15% leaning toward LCD and 12% toward plasma. The number of plasma and LCD TV sets sold has grown more than 500% in the past two years. Consumers purchased 4.2 million flat-panel displays in the year ended in June, according to NPD. The growth in the upscale TV market has been the result, at least in part, of falling prices with the average price of plasma sets dropping 43% in the past two years and the average LCD price slipping 7%.
Comment on related stocks/ETFs: For more on the Flat Panel TV market, see William Trent's recent piece LCD TVs Still Getting Cheaper Faster Than Expected.