We all know the economy is bad, businesses are closing, people are out of work and technology and many other industries are seeing very slow sales. The housing market in many areas is virtually dead. The recession has significantly impacted TV sales.

According to DisplaySearch, Q4 2008 was the first quarter in history that saw a decline in TV revenues. At the same time revenues declined shipments were up 33% year over year. The reason for shipments increasing and revenues falling is lower prices forced by poor sales.