Analyst: Pandemic boosts console market; delays 8K TV

What They Say

ABI Research said that 40 million consoles will ship in 2020, up 6% on last year as a result of the pandemic. However, the crisis has delayed the introduction of 8K which was expected to be highlighted at the delayed 2020 economics.

Khin Sandi Lynn, Industry Analyst at ABI Research said:

“Although 8K TV set price points have declined from a year ago, the cost of most 8K TV sets is still relatively high ranging from $3,500 to $30,000. High cost and lack of content will delay 8K TV set adoptions. ABI Research estimates only around 1% of worldwide flat panel TV shipments will be 8K TV sets in 2021”

What We Think

I wasn’t planning to publish this, as it didn’t seem to be saying anything new but every other editor seemed to cover it, so I relented. I always regarded IDC as the experts in saying the ‘bleeding obvious’ as though it was some kind of remarkable insight. Perhaps ABI is challenging! (BR)