HDTV shipments pass standard TVs

Shipments of HD televisions this year passed that of standard-def TVs, a leading market researcher said this week, a fact that shouldn’t be shocking, but according to research, it’s the first time its happened yet and the trend is expected to continue into the future. 

Among the big culprits in the turn of events is huge recent price reductions and the increasing availability of content from cable and satellite systems. As a result, HDTV shipments are expected to increase at a annual growth rate of 20% from 97.1 million units last year to 241.2 million by 2012, which means 1 out of 6 homes (roughly) will have an HDTV in it in some form or another. Amazing when you think many pundits weren’t sure if HD would “catch on” enough to be a success.

More stats here: Link