PriceSCAN Press Release
10/27/09
4.5% Drop in LCD 40 Inch- 720p Index Last Week
PriceSCAN Vice President of Financial Products Daniel Fehder commented that the LCD 40 Inch- 720p Index dropped 4.5% this week. This drop caps a 7.5% decline since the beginning of the fourth quarter. The recent declines mark the first sustained dip below July index levels since the index saw a sharp price rise during the end of the third quarter
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “This breakdown in less advanced 720p LCD television prices from summer levels may suggest manufacturer and vendor expectations of less than robust retail sales as we approach the holidays. More affordable 1080p models, the anticipation of 3D Blu-ray standards requiring new screens in 2010 and a generally weak consumer may be combining to pressure 720p LCD prices in Q4.”
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.
