If you look at the best TVs on the market, they're still pretty expensive. But how does that compare to the best offerings from a few years ago? Most people don't remember what they paid for their last TV, never mind a TV from 20 years ago. For that matter, how much did the best TV cost in 1997?
I'm glad you asked. ... [snip]
Bigger, and eventually cheaper
It's easy to say that TVs get cheaper every year. And as you can see, to an extent, that's absolutely true. More accurately, though, it's that they get cheaper per inch. From $110-per-square-inch in the 1950s to $1.24-per-inch or even less today. More than cheaper, TVs get bigger.
The biggest disruptions come at the lower end of the market, something far harder to track. In the '50s, Westinghouse and RCA were some of the only manufacturers of this new technology. Now there are dozens of companies making TVs. You can get a great TV now for less than $0.50-per-square-inch of screen. That's an old trend, too. As new manufacturing powerhouses come in, they aim for the bottom of the market. They first offer something inexpensive, then later, something inexpensive and good, then eventually something good and expensive. It happened with Japan in the '70s and '80s, it happened with Korea in the '90s and 2000s, and it's happening now with China.
But in general, prices drop, so companies create something new that's exciting. In this case that means bigger, better, and because so many parts are similar, cheaper. All this has happened before and will happen again.
https://www.cnet.com/news/are-tvs-re...ecades-to-see/