The credit crunch could dramatically cut sales of Blu-ray players and other high-end consumer electronics products, says a study from Parks Associates. It seems US consumers in particular have tightened their wallets since September.

Back in Q2 this year Parks Associates forecast that stand-alone Blu-ray players (excepting Sony PS3 devices) would globally sell about 5m units this year, up from last yearís 800,000 (and a similar 800,000 of Toshiba's HD-DVD units). Parks, earlier this year, was especially bullish about Blu-ray's longer term prospects and suggested that within 4 years sales globally would increase 8-fold to about 40m units.
"By all counts, sales of both Blu-ray players and HDTVs were such that we did not [foresee] economic concerns impacting consumer purchases or intentions - at least not at that point," said Kurt Scherf, principal analyst at Parks, told the BetaNews web-site. "It looks like the significant contraction of purchases started occurring in September, and we're waiting to see what kinds of real numbers begin to emerge to verify this."
Parks has now trimmed its predictions for Blu-ray sales by 25%.

Source: Rapid TV News 2008

__________________
Press if you find post usefull.
Use "SEARCH" Before Posting, Post In Correct Sections, Respect Other Members.
AND ALWAYS REMEMBER... FOLLOW !!