Retrevo Releases Consumer Electronics Trends for February 2009
The average selling price for HDTVs jumped by more than 10% in February,
according to data from the Retrevo
CE Index, a publicly-available index from Retrevo®
that maps daily trends in the consumer electronics (CE) industry across
40 categories and more than 4,000 products by price and demand.
TV prices had been falling since May 2008 – ultimately dropping
approximately 35% at the nadir in January 2009. The downward trend
reversed sharply in February, with average selling prices surging by
more than 10% during the month.
Vipin Jain, CEO of Retrevo, said, “As the economy and consumer spending
weakened, manufacturers and retailers were offering steep discounts
during the holidays and leading up to the Super Bowl – both important
seasons for HDTV sales. This meant great deals for consumers, but hurt
the bottom lines of TV makers. The bankruptcy and liquidation of Circuit
City may have also played a factor in keeping prices down. Now that deep
discounts from the all-important holiday and Super Bowl seasons are
over, excess inventory is clearing out of the channel and merchants are
returning to running their business at more sustainable price levels.
We’ll see if this trend is sustainable. Nevertheless, there are still
great deals to be had if you know where to find them.”
Meanwhile, demand for TVs in February followed the typical seasonal
trend, spiking during the holidays and again in January, and then
softening heading into February and March.
Hot consumer electronics product categories for February, based on
rising demand (versus overall volume) included:
-
Car accessories, including receivers, amplifiers and video players
-
Headsets
-
Multi-function printers
-
Monitors
-
GPS receivers
Contact Retrevo to learn more about these or other consumer electronics
trends, or visit www.retrevo.com/pulse/ce-pulse
to view price and demand graphs for specific product categories.
About Retrevo
Retrevo (www.retrevo.com)
is the first matchmaker for people and electronics that makes finding,
buying and using electronics products simple and fun.
LEWIS PR
Monica Appelbe, 415-992-4400
retrevo@lewispr.com
or
Retrevo
Robb
Lewis, 408-524-1591
robb@retrevo.com
