TV market continues worldwide decline in 2013

TV market continues worldwide decline in 2013:
The cord cutting phenomenon seems to be extending beyond cable subscriptions. An IHS report projects that global TV shipments are expected to fall from 238.3 million units in 2012 to 226.7 million in 2013. The decline from 2011 to 2012 was 7%, and although sales were expected to pick up slightly this year, the original estimate of a 2% decrease in shipments has now ballooned to a 5% decline, making this the second consecutive year of TV sales falling significantly. LCD TVs will only see a 1% decline but the fading plasma segment of the market will drop 27%, CRTs will see a precipitous 40% dip, and rear-projection TVs will all but disappear.

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