Ultra big televisions are getting cheaper

The Street

TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why giant screen TVs might be a hit this holiday season.

Transcript

00:00I'm Conway Gittins reporting from the New York Stock Exchange. Here's what we're watching on

00:03the street today. The Dow, the S&P 500 and the Nasdaq are all trading at record highs

00:09as investors cheer a quick resolution to the 2024 presidential elections. Investors are

00:14snagging up shares in sectors they believe will benefit from what they expect will happen under

00:19Donald Trump's second term, lower taxes and lighter regulations. In other business headlines,

00:27if you're interested in buying the hottest trend this gift-giving season, you're going to need a

00:31much bigger tree. That's because ginormous flat-paneled TVs are flying off store shelves

00:37this year. I'm talking TVs that are 97 inches diagonally or bigger. New technology and falling

00:43component prices mean that TVs are getting larger while their price tags are getting smaller. These

00:50huge TVs still cost a pretty penny though. Depending on the range of bells and whistles,

00:55you could be paying anywhere between $1,700 to $3,000. Those price tags, however, are down some

01:0250 percent from a year ago, according to one consumer products watcher. Consumers are responding

01:08to the price cuts and going super duper large when choosing their new TV. For example, sales for a

01:1398-inch TV have skyrocketed nearly 900 percent during the past 12 months, market research firm

01:20Circona told CNN.com, while sales for models between 75 and 96 inches have gone down during

01:27the same period. These extra, extra large TVs could be a saving grace for many retailers this holiday

01:34season. Best Buy, Target, Costco and Walmart are already offering holiday promotions as the

01:40Christmas shopping bargains begin early. That'll do it for your daily briefing from the New York

01:46Stock Exchange. I'm Conway Gittins with The Street.

01:50you

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