Industry predicts drop in TV prices

September 23, 2010 5:07:37 PM PDT
LCD television prices are expected to drop just in time for the holiday season. An industry research firm predicts that by the end of September, flat screen TV prices will be about 5 percent lower than last year.

Prices are also expected to continue dropping between October and December. By then, flat screen TV prices should be about 12 percent lower than last year.

Retailers are cutting prices because of an oversupply.