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July 25, 2008 9:49:53 PM CDT

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TV Makers Scoff at Your Puny Recession

Posted Jan 29, 08 2:04 PM CST in Business 

(Newser) – Who cares if there’s a recession? The Super Bowl’s on! Even after the worst retailing Christmas in years, the makers of flat-panel, high-definition TVs are confident their trendy product will keep selling, spurred by falling prices and prime tube-watching events like the Olympics. One market-research firm is predicting LCD sales will jump 27% worldwide.

But investors don’t share their optimism, which is why companies like Sony and Sharp have seen steep stock drops lately, the Wall Street Journal reports. Bears note that Best Buy and Circuit City both had disappointing holiday seasons. Analysts counter that the culprit is competition from discounters like Wal-Mart, where big TVs still fly off the shelves.

Source Wall Street Journal

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television  • recession  • Wal-Mart  • Sony  • consumer electronics  • Best Buy  • flat screen TVs  • LCD TV  • Sharp  • Circuit City


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