The global television market hit some tough times during the second quarter, a new study released today by research firm DisplaySearch has found.
According to DisplaySearch, worldwide TV shipments hit 55.5 million during the second quarter of 2011, representing a year-over-year decline of 1 percent. During the period, only LCD shipments were up over the prior year, jumping 6 percent to 44.5 million. Plasma shipments were down 6 percent to 4.2 million, while CRTs dropped 31 percent to land at 6.8 million worldwide.
During the first quarter of 2011, television shipments were up 1 percent compared to the same period in 2010. However, 55.2 million televisions shipped during the period.
Although things didn't look too great for the television market during the second quarter, DisplaySearch said that the market's decline was due mainly to tough comparisons against last year's figures. DisplaySearch vice president of TV research, Hisakazu Torii, said in a statement that the second quarter of 2010 was a strong growth period for the market because of "greater price erosion and more confident consumers."
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"Due to weakening macro-economic conditions, similar to what happened during the global financial crisis of 2008-2009, the TV industry is becoming somewhat pessimistic and reducing inventory, especially in North America and Western Europe," Torii said in a statement.… Read more