DVD Player Sales Continue Strong Growth In New Year

TV/VCR Combinations Also On The Rise

13-Feb-01

Sales of DVD players seem poised for another year of record growth in 2001, as the ""fastest selling consumer electronics product of all time"" posted yet another tremendous monthly increase in January. According to figures released by the Consumer Electronics Association (CEA), DVD sales were up 55 percent from January 2000, on sales of 570,000 units.In addition, sales of TV/VCR combinations were also up in January. Increasing by two percent, sales of TV/VCR combinations totaled just under 220,000 units. Despite these gains, total manufacturer-to-dealer sales of video products fell by nine percent during the month, to a total of more than three million units, due to decreases in the other video categories.""Retailers purchased abnormally heavy during the months leading into the 2000 holiday season,"" said Todd Thibodeaux, Senior Economist and Vice President of Market Research for CEA. ""And with lower than expected sales during that period, they are likely to have excess inventory during the first quarter of 2001.""Thibodeaux continued, ""Though we could see sluggish sales for the next couple of months, any slowdown will hopefully be short-lived. Retailers posted better than expected gains in January.""

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