Blu-ray Player Prices Drop 34% in Last Year
Average price of Blu-ray player falls from $393 to $261, according to The NPD Group.
image
May 07, 2009 by Steve Crowe

Blu-ray technology continues to become more mainstream, according to The NPD Group.

Much of that, perhaps, is due to to the average price of Blu-ray players dropping nearly 34 percent in the last year, according to the NPD, falling from $393 in the first quarter of 2008 to $261 in the first quarter of 2009.

It’s certainly progress for overcoming what was once the main drawback of Blu-ray technology.

The “Blu-ray Report” finds that there were more than 400,000 standalone Blu-ray players (not including PS3) sold in the first quarter, marking a 72 percent increase from last year.

Sales totaled $107.2 million in the first quarter, according to the research firm, for a 14 percent increase.

“The rising penetration of high-definition televisions and lower Blu-ray player prices are broadening the format’s market opportunity,” says Ross Rubin, director of industry analysis at NPD. “Even as options expand for accessing movies digitally, Blu-ray is carrying forward the widespread appeal of DVD into the high-definition marketplace.”

Blu-ray disc sales increased 105 percent to $230 million in first quarter, while DVD sales dropped 14 percent to $2.89 billion, according to the Digital Entertainment Group.

Despite all the positive signs, however, NPD finds that 58 percent of adults surveyed were still “not very familiar” with Blu-ray.

Follow Electronic House on Facebook and Twitter.
Newsletter Signup
Don't miss a single cool home. Sign up today to receive your FREE weekly e-mail newsletter.
E-mail Address



Topics

Commenting is not available in this weblog entry.