PriceSCAN Press Release
12/18/08
Blu-ray Player Prices Rise 10% Since Beginning of November
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our Blu-ray Index has risen 10% since 11/1 including a 2% increase last week. This rise follows a period of sharp declines in Blu-ray price levels in Q2 and Q3.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “Whatever support Blu-ray pricing saw following the demise of Toshiba rival HD-DVD standard did not prevent sharp markdowns through the summer and early fall, but it appears Sony’s high-def disk standard may finally be getting some traction. This is all the more impressive in the context of an anemic holiday shopping season. Perhaps the steep discounting of past months has made Blu-ray an attractive alternative for economically-challenged consumers, especially those planning to “cocoon”, cutting back on travel and entertainment outside of the home.”
For more commentary on consumer price action, please visit the PriceSCAN.com Blog
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.
