• AddThis Social Bookmark Button

Parks and Assoc. Say Consumers Intend To Spend More On AV Later in 2009

  • By: HomeTheaterReview.com

  • September 27, 2009

| Print Page | Adjust Font Size:

Free Home Theater Review Weekly Newsletter.

Enter your e-mail below to get Home Theater Review's weekly newsletter with the latest equipment reviews and home theater news sent directly to your inbox.


*Required
Parks_Chart.gifThe recession continues to limit CE shopping, as nearly 50 Percent of U.S. broadband households did not buy a CE product in the first half of 2009, according to Parks Associates' Consumer Decision Process. This ongoing service, which surveys consumers on their past purchases and future intentions for over 35 CE products, found consumers are still hesitant to buy, with fewer households overall buying CE than in 2007 and 2008. "In general, U.S. consumers who are buying are taking longer to do so, spending more time researching the product, and then waiting for the right time - meaning a sale or steep discount - to make the purchase," said Tricia Parks, CEO, Parks Associates.



The most popular purchases in the first half of 2009 were desktops, laptops, and LCD flat-screen TVs, with 14-17percent of households buying these products. With 5 percent of households purchasing in the first half, netbooks are showing a strong market start. Intentions to purchase netbooks are fairly high for the second half of 2009; this new product category will be in over 10percent of broadband households by New Year's. "Through our multiple surveys, we have tracked that high intention to purchase falls within 2percent of actual purchase rates for almost all product categories, so vested shoppers are following through on their purchase plans," Parks said. "Fortunately, intentions to purchase are higher in the second half of 2009 - we'll see a spike for several products for Christmas and the holiday season, including smartphones, earbuds, GPS devices, and digital photo frames."

Keywords

Parks says consumers will spend more on AV gear in late 2009

Subscribe to the Newsletter
Subscribe to HomeTheaterReview.com's Weekly Newsletter to get the latest news, reviews and insight on the world of home theater, HDTV and audiophile equipment. Subscription is 100% FREE!
*Required
Email Marketing by VerticalResponse
subscribe to rss Subscribe with RSS
Follow home theater equipment reviews and daily news via our RSS feed.
Related Industry Trade News:
  • Comment on this article

    0
Post a Comment

Please answer the following question (required) before posting to help us prevent Spam.


enter to win

Today's Top Story

California Passes Anti-Flat-HDTV Legislation To Try To Save Energy

California Passes Anti-Flat-HDTV Legislation To Try To Save Energy -

As a resident of California who owns a "green home" complete with new windows, high efficiency air conditioners, space-age insulation and drought tolerant planting on over two acres of hillside - today's decision to toughen standards on HDTVs is a... Click for more...

Latest Industry Trade News

California Passes Anti-Flat-HDTV Legislation To Try To Save Energy -

As a resident of California who owns a "green home" complete with new windows, high efficiency air conditioners, space-age insulation and drought tolerant planting on over two acres of hillside - today's decision to toughen standards on HDTVs is a... Click for more...

Rumor: You Tube To Be Releasing 1080p Video -

Online review site, Lifehacker.com, is reporting that Google's uber-popular, free video download site, YouTube.com, will be launching a 1080p HD video service in the next few days. This news comes as players like Microsoft and Apple jockey for position in... Click for more...

Meridian Opens a Concept Store in Bangkok -

Meridian together with its exclusive distributor in Thailand, MRD Audio Co., are launching the first Meridian Concept store in the world in the centre of one of the world's most vibrant and exotic cities, Bangkok. The Meridian Concept store, situated... Click for more...

Too Big To Fail: AV Manufacturers Look To Big Distributor AVAD For Their Future -

Anybody who listens to the news in the last year or so has heard the term "too big to fail" when it comes to America's banks. Just in 2009 alone 209 banks have failed while taxpayers have "bailed out" larger... Click for more...

VIZIO Licenses Digital TV Patent Portfolio to SONY - Ends Dispute -

VIZIO announced that Sony Corporation has become a licensee under VIZIO's patent portfolio. VIZIO owns a substantial worldwide patent portfolio directed to digital television technology. "We are pleased with the result of our patent licensing efforts. It further demonstrates the... Click for more...

AV's Next and Biggest Generation of Clients Deeply Affected By Unemployment and Under-employment -

Baby Boomers have been the driving force behind both the audiophile business and most of the two-decade long rise in popularity of home theater. Economically for Boomers there have been far more good times than bad, with recessions feeling more... Click for more...

Samsung and Blockbuster Ink VOD Deal For HDTVs and Players -

Samsung and Blockbuster just announced the immediate availability of Blockbuster's vast and growing library of premium digital entertainment for rent or purchase on select 2009 Samsung HDTVs, Blu-ray players and Blu-ray integrated Home Theater Systems. Specific models featuring the new... Click for more...

Consolidation Is Taking the "Special" Out of Specialty Audio-Video -

I remember the first time I met Mark Cuban. My father, when he was the publisher of radio trade publication Inside Radio, ran a high end convention for top level radio executives that featured speakers like Peter Drucker and Steven... Click for more...

What if HDMI Actually Worked? -

Let me be clear with the fact that without HDMI there wouldn't be volumes of 1080p HD content, complete with beaming video, 7.1 uncompressed HD audio and all of those feature-laden supplemental materials that we get from Blu-ray. At the... Click for more...

Dynaudio's Puccini Sound System For The New Bugatti Veyron Grand Sport -

When launched, the Bugatti Veyron set new benchmarks in engineering and performance for a Super Sport, so when developing an audio system for the new Bugatti Grand Sport only the best would do. The all-new Puccini Sound System features dedicated... Click for more...