50 Inchers Hitting Big with Americans in Q1 - IHS
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Price: $8.21 -0.12%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.1%
Revenue Growth %: -3.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.1%
Revenue Growth %: -3.9%
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Like 50-inch plus TV sizes? Own one? You're not alone.
According to data from IHS (NYSE: IHS) Friday, 22.7 percent of American's are now indulging in over 4.2 feet of viewing wonderment. The number is a 2.9 percentage point from 19.8 percent of sales in the fourth quarter. Ironically, the last time when 127-cm-or-larger TV sets accounted for more than 20 percent of sales was in the first quarter of last year, exactly one year ago.
American's are also spending less. The average price of 50-inch-and-larger flat-panel televisions fell 8 percent to $1,582 from last quarter.
Will prices rise given supply disruptions in Japan? IHS doesn't necessarily think so. From the report: "Following the Japanese earthquake and tsunami disaster, LCD TV production in Japan has reported minimal disruption. Though some TV assembly plants have been affected by semiconductor component shortages, the weak demand worldwide in recent months for general component inventories has meant that the TV markets suffered only very minimal impacts in the quake’s aftermath."
Stocks to watch include: Universal Display Corp. (Nasdaq: PANL), Sony (NYSE: SNE), Cree (Nasdaq: CREE), and Koninklijke Philips Electronics NV (NYSE: PHG), among others.
According to data from IHS (NYSE: IHS) Friday, 22.7 percent of American's are now indulging in over 4.2 feet of viewing wonderment. The number is a 2.9 percentage point from 19.8 percent of sales in the fourth quarter. Ironically, the last time when 127-cm-or-larger TV sets accounted for more than 20 percent of sales was in the first quarter of last year, exactly one year ago.
American's are also spending less. The average price of 50-inch-and-larger flat-panel televisions fell 8 percent to $1,582 from last quarter.
Will prices rise given supply disruptions in Japan? IHS doesn't necessarily think so. From the report: "Following the Japanese earthquake and tsunami disaster, LCD TV production in Japan has reported minimal disruption. Though some TV assembly plants have been affected by semiconductor component shortages, the weak demand worldwide in recent months for general component inventories has meant that the TV markets suffered only very minimal impacts in the quake’s aftermath."
Stocks to watch include: Universal Display Corp. (Nasdaq: PANL), Sony (NYSE: SNE), Cree (Nasdaq: CREE), and Koninklijke Philips Electronics NV (NYSE: PHG), among others.
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