iSuppli: When Times Get Tough, The Tough Watch Television

By Geoff Duncan
May 28, 2009

According to iSuppli, the recession is having an interesting impact on the HDTV market: sales were up in the U.S. and Canada during the first quarter of 2009.

The world might be doing through an economic downturn and the U.S. fighting off a full-blown recession, but that doesn't mean that every business is suffering. Apparently, as Americans stay home and forego luxuries in order to make ends meet, they aren't above spending a little money to upgrade their TVs. According to market analysis firm iSuppli, sales of flat panel televisions grew in the U.S. and Canada during the firs quarter of 2009.

"In the post-9/11 era, a new phrase entered the lexicon: 'cocooning,' a trend among fear-struck citizens to avoid travel and remain in the safety of their homes," said iSuppli's VP of displays Joe Abelson, in a statement. "Amid the current economic downturn, a ...

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