PriceSCAN Press Release
9/24/08
Blu-ray Player Prices Drop For Three Consecutive Weeks. May Signal Weakness in CE Market
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our index dropped 6% due to heavy discounting on Samsung’s BD-P1500 player last week. This follows weekly drops of 3% and 5% in the preceding two weeks. The Blu-ray Index has dropped 13% in the first three weeks of September compared with a 12% decline over the whole of Q3 2008.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “These sharp back to back weekly declines in the price of a cutting edge consumer electronics bellwether may speak to the current weakness in technology retail and bode ill for the coming holiday shopping season. On the other hand, this softness should present significant bargains to those consumers doing well enough to spend.”
About The PriceSCAN Manufactured Product Indices
The PriceSCAN Manufactured Product Indices are a set of 50 indices tracking a broad array of finished good prices at the retail level. The PriceSCAN indices are carried on Bloomberg's data service under the ticker symbol PRIC and are available on PriceSCAN.com’s website at http://www.pricescan.com/indices. PriceSCAN.com also makes available customized data packages for clients in the financial, technology and retail communities.
About the PriceSCAN.com Econometric Team
Dr. Jeffrey J. Trester is Co-CEO and Chief Economist of PriceSCAN. After graduating MIT and attending Yale for graduate studies in theoretical physics, Dr. Trester received his PhD in financial economics from the Wharton School. He has also served on the Philadelphia Federal Reserve Bank’s Business Council. Daniel C. Fehder is Vice President of Financial Products at PriceSCAN.com. A graduate of Harvard and University of Pennsylvania, he can be reached for comment at analytics {at} pricescan.com
About PriceSCAN.com, Inc
Founded in 1997, PriceSCAN.com is a comprehensive price and product comparison service. Millions of consumers a year have used PriceSCAN.com to bargain hunt. In addition to price comparison, PriceSCAN.com offers objective vendor ratings, a price focused technology blog, user reviews, price trend graphs, and email price target alerts.
