Large-Screen TV Sales Jumped in 2002 Jan 6, 2003

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Sales of high-end televisions rose sharply in 2002 and will stay strong in 2003, as more affordable prices spur consumers to build home entertainment systems, according to an industry report. More than 1.6 million large-screen projection televisions were purchased between January and November of 2002, up 30 percent over the same period a year ago, research firm NPDTechworld said in the report.

Purchases of flat-panel televisions increased 381 percent over the same period when compared to 2001. Over 235,000 units were sold between January and November 2002 compared to 48,000 units during the same period in 2001, the NPD group unit said.

Prices for flat panel televisions typically start around U.S. $500 and run well above $1,000, while projection TVs sell for $2,000 to $5,000. Some high-end plasma screens cost more than $10,000. In addition to large, sleek screens the TVs feature a superior quality picture. (Reuters)

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