In the middle of an up-and-down holiday shopping season, DVD players and DVDs are a multi-billion-dollar economic booster shot, KMBC's Jim Flink reported Thursday. Flink said that DVDs are selling at a pace four times faster than VHS, and almost all the sales are taking place at the year's end.
"Much of the demand comes between Dec. 1 and the end of the year," said Kevin Taylor, of US Bancorp/Piper Jaffray. Taylor is a stock analyst who is watching the phenomenon blow up. Flink reported that the driving forces behind consumers' demand is that DVDs combine crystal-clear images, superior sound, and a great price point in both new releases and re-released old standards.
Flink reported that the DVD craze has grown to such levels that most fanatics know that Tuesday is new-release day. With prices of both DVDs and DVD players going down, the popularity isn't about end.
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