PVR Sales Up 155%
May 28, 2005
ZDnet reports that PVRs are selling like hotcakes.
In May 2004, only 3.6 million households worldwide had access to a PVR service. This phenomenal increase in PVR households has benefited service providers such as TiVo and EchoStar.
According to the market researcher, hardware vendors had a windfall in 2004, with shipment volume jumping to 11.4 million units, up from 4.6 million pieces sold in the previous year. The phenomenal growth, a result of increasing awareness about time-shifting television programming, resulted in PVR revenue more than doubling to $4.3 billion from $2.1 billion in 2003.
For me, a TV without a PVR is kind of like a computer without an Internet connection — I know that there are people who still have them, but I can’t for the life of me figure out what they’re doing with them.