It seems like all we hear lately is about the poor economy. The auto industry is seeking more money from the government and the total amount of funds that the government has pledged to bailout various industries in America totals more than our yearly gross national product according to some sources.
The technology sector is among the hardest hit and according to recent figures, revenues from TVs fell for the first time, even in Q4 2008. The last quarter is usually where manufacturers expect to make a health percentage of their yearly sales as consumers spend for the holiday season.
Increased price pressure has resulted in actual units shipped going up for the quarter but revenues still falling. Total TVs shipped were 105 million units. Many sources predict that the economy will remain poor for much if not all of 2009 and could even spill over into 2010.
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