According to data collected by the Consumer Electronics Association, big-screen TVs rank No. 7 on holiday shoppers' wish lists this year. Although flat screens came in at No. 3 last year, more than half of American households now have at least one flat-panel TV. So this year's TV seekers have size in mind — the bigger, the better.
To avoid a surplus of inventory of old and cheaper TV sets, retailers and manufacturers are already slashing the prices. This will also pave the way for the bigger price cuts expected to hit around Black Friday. Industry analysts are predicting 32-inch value-brand televisions will sell for $199 and name brands will retail at $249 to $299. Meanwhile, higher-end and bigger models such as a 42-inch set are expected to drop to $500. 55-inch sets with LED backlighting are expected to drop below $1,000 — half the price they were last year, according to a recent Wall Street Journal article. Tech News Daily
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