Sales of LCD and plasma TVs showed a 53 per cent year-on-year increase in the US for the first quarter of 2008, with more than 7.5 million units sold.
This represents a 7 per cent increase over industry projections for the period.
While analysts in Japan have attributed a 35 per cent increase in flat-panel TV sales during the first half of June to the upcoming Beijing Olympics, industry executives in the US are being more cagey.
But what those attending the DisplaySearch TV Supply Chain Conference in San Diego did agree on was that despite the state of the US economy, the North America TV market remains robust – so far.
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The growing market for high definition television in Japan has received a further boost with the start of a VOD service by the country’s largest retail chain, Tsutaya.
Users will be able to download titles from home using the acTVila portal that is popular on Japanese plasma and LCD HDTVs.
They will have 48 hours to watch the films or TV shows as many times as they want.
The new service from Tsutaya, which counts 27.2 million members at its 1,330 branches across Japan, is the latest sign of the growing popularity of HDTV in the country.
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.