The Major Crisis in TV
Nobody is buying sets. As a result, television manufacturers have had a rough few years --and their prospects for the near term aren't very bright.
Once hot flat panel TVs are not, at least according to the latest data from NPD DisplaySearch. Worldwide TV shipments fell by 8% from a year prior in the first quarter of 2012. That was the steepest rate of decline since the second quarter of 2009. The biggest contributor to this decline was a slowdown in shipments of LCD sets, which fell year-on-year for the first time ever.