NanoTech Entertainment Inc (NTEK)

[Nikodemos]

Sales of 4K TVs have risen ninefold over last year, according
to the NPD Group. Consumers are spending more for them, on average $2,400, compared with an average price of $450 for traditional HDTVs.

Interest in 4K TVs is higher this holiday season because shoppers better understand the improved image quality the sets deliver, says Stephen Baker, NPD's vice president of industry analysis.

Prices have declined even faster than for HDTVs, which debuted a decade ago, says Shawn DuBravac, chief economist for the Consumer Electronics Association. "Promotions during Black Friday should both improve consumer's awareness of the technology, as well as accelerate the uptake of the technology," he said.

Nearly every electronics retailer and most discounters are getting in on the 4K action this holiday shopping weekend. "4K is red hot right now. You can buy it for less than a regular HDTV," says Tom Campbell, technologist for Video and Audio Center. "In two years, you won't be able to give away a regular HDTV."

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4K TV shipments skyrocket 500%
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