PriceSCAN Press Release
10/20/08
Steep Decline for 46 inch LCD TV Prices
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our 46 inch 1080p LCD Index dropped 4% last week compared to a 5% drop in September.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “The recent acceleration of the decline in LCD pricing is particularly concerning, coming as it does for sets of a widely desired size and of the highest resolution. It might be hoped that the conversion to digital broadcast would provide some floor under prices, but as yet it appears economic weakness is overwhelming that effect. This has to be considered a bearish sign for consumer technology goods as we enter the holiday shopping season.”
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.
