Tuesday, March 31, 2009

Sales of Digital TVs Growing During Economic Slump

This is a follow up to the previous post about the new LED television sets being sold by Samsung Electronics.  As reported in the Chosun Ilbo and other papers today, sales of digital television sets are growing in the world's developed economies, despite the severe economic slump.  This reflects increased consumer spending on in-home activities and also defies the common sense idea that high end appliances do not sell well during an economic recession.  Another factor contributing to the sales is that governments worlwide have adopted policies for switching over to digital broadcasting.   Here in Korea the obvious beneficiaries of this global phenomenon are Samsung and LG Electronics, the world's leading manufacturers of flat screen digital television sets.

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