Flat Panel for All?

I’m sure we’d all like to have one of those nice flat-screen TVs to hang on our wall, but the cost for one have ranged in the thousands of dollars. On the bright side, there may soon be a chance for the middle income families to have ambient light technology as well.

Originally, there were few competitors in the industry, with Sony capturing the bulk of the market. Now though, due to increasing demand, more companies have entered into the rat race. Over eight companies now compete against each other, forcing one another to lower their price in order to sell. Since its debut, the plasma TV has dropped in price by as much as 35%, according to USA Today. Another reason prices are continuing to drop is that the inputs for the production of the TVs have become cheaper as suppliers also find ways to trim costs.

As consumers, do you foresee an even larger drop in price? If so, by how much?