NEW YORK (CNNMoney) -- Got an LCD TV? Apparently, so does the rest of the world.
The LCD flavor of flat-screen TVs are by far the most popular, making up 84% of the market, yet demand for them is waning. Shipments of LCD units declined for the first time ever, dropping 3% to 43 million units in the first quarter, according to an NPD DisplaySearch report released Wednesday.
But things are even worse for other types of TVs like plasma screens. Overall TV shipments around the world, including non-LCD TVs, fell 8% to 51 million units in the first quarter from a year earlier. That drop marked the biggest decline since the second quarter of 2009.
What's behind the slump? The market has become saturated with flat-screens -- most people already have one or more