Over 21 million LCD TVs were sold in the first three months of 2008 compared to 2.8 million plasma sets, according to a data compiled by research firm DisplaySearch.
The total number of TVs sold during the period was 46.1 million, up only 1% compared to sales in 2007.
The slow-down in sales is largely attributed to a weaker US economy.
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TV screens sized 32 inches or smaller and high-definition TV-viewing PC monitors are proving to be a popular option for many price-conscious consumers in emerging markets, such as China, India and Russia.
This goes against the forecasts of LCD screen-makers who had expected premium 40-inch sets to be the biggest sellers and spent heavily in a race to build larger factories suited for larger panels.
Research by Motorola shows that young adults have a huge influence on their parents’ buying decisions for HDTV sets and programming packages.
The “always-on” generation are hungry for more control over when and where they access rich content such as high-definition (HD) programming and cable TV, the study found.
The ability to time-shift with DVRs and have access to HD programming were both highly desirable features.
DISH Network’s first-quarter net income rose 65% even though new subscriber growth of its satellite television service plunged on the languishing economy and stiffer competition.
In a Securities and Exchange Commission filing, the US company also cited satellite launch delays and problems within its operations as factors that dampened growth.
The results came as DISH, the US’s second-largest satellite television provider, said it was bolstering its HDTV service with an extra 22 national HD channels.
On making the announcement, the satcaster said the additions had boosted its total HD line-up to over 95 channels.
But almost immediately it moved to axe 10 of its 15 Voom High-definition programming package, taking the actual figure to around the mid-80s.
User-generated video (UGV) is growing faster than expected fuelled by significant expansion in the Chinese market, according to a study by high-tech market research firm In-Stat.
The spiralling growth rates have led to forecasts for UGV use and revenue shifting upwards since last year.
Researchers at In-Stat found that total worldwide UGV revenue is expected to eclipse US$1.19 billion by 2012, with an estimated 160 billion UGV served videos forecast for 2012.
And with expectations of higher quality content, such as HD video, and increasing file size maximums, the demands on bandwidth are expected to continue growing at a faster rate than the number of files/videos served.
Michael Inouye, In-Stat analyst, said: “User-generated video (UGV) and the video sharing sites that exemplify this form of content have spread across the globe.
“China is a prime example of UGV’s global reach and appeal, capturing a significant portion of the world market, making it second only to the US.
“In general, viewing of online video has increased in the US in the past year, although participation is still stratified by age.”
The study, “User-Generated Video, A Global Stage for you”, also predicts that individuals who use mobile phones to participate in online video sites are most likely to contribute to the market (both financially and in terms of content).