Have you been putting off buying a new electronic item such as a Blu Ray player, HD LCD TV or a HD Plasma TVecause you are waiting until the price comes down a little more? This is understandable given that the price of electronic goods seem to get cheaper and cheaper every year. Additional to this many news reports talk of massive price reductions on the high street that only seem to justify holding off for even longer.
The retail price of electronic goods always falls, doesnt it?
When LCD TVs and Plasma televisions were initially launched they sold for in the region of 10000.00. Every year they became cheaper and cheaper and right now you can buy them for a fraction of the cost with a much higher specification and better picture performance. Unfortunately this trend of constantly falling prices on consumer electronics is going to change.
Buy now or pay extra later
Over the last 12 months the value of the pound against the Dollar, Euro and Yen has weakened by about 30%. So what has this got to do with the price of consumer electronics? Well because a lot of electronic products are produced in Eastern Europe and China the cost of importing them has risen as a consequence of the weakness of the pound. Even electronic products produced in the UK will be affected by this because they use components manufactured outside of the UK.
Due to the economic down turn most top brand manufacturers have tried to absorb this increase in costs and put off increasing the prices. Unfortunately they aren't able to put this off any longer and announcements have been made by Panasonic, Sony, Denon, Yamaha and Sennheiserthat prices will increase by up to 32% in January 2009. Once this happens expect other manufacturers to follow. The prices may increase on current models for a number of manufactures whilst others may well wait until they launch imminent new ranges of products. But be in no doubt prices will rise. Furthermore if the pound weakens even further then prices may have to increase even further in the future.
So if you are looking to purchase the latest Blu-Ray Player, high definition Plasma Television, HD LCD TV or other consumer electronic item now may be a better time than ever or else you will probably not see prices at the current levels for some time to come. As a result beat the price increases, buy now, otherwise dont say that you wasn't warned.
The retail price of electronic goods always falls, doesnt it?
When LCD TVs and Plasma televisions were initially launched they sold for in the region of 10000.00. Every year they became cheaper and cheaper and right now you can buy them for a fraction of the cost with a much higher specification and better picture performance. Unfortunately this trend of constantly falling prices on consumer electronics is going to change.
Buy now or pay extra later
Over the last 12 months the value of the pound against the Dollar, Euro and Yen has weakened by about 30%. So what has this got to do with the price of consumer electronics? Well because a lot of electronic products are produced in Eastern Europe and China the cost of importing them has risen as a consequence of the weakness of the pound. Even electronic products produced in the UK will be affected by this because they use components manufactured outside of the UK.
Due to the economic down turn most top brand manufacturers have tried to absorb this increase in costs and put off increasing the prices. Unfortunately they aren't able to put this off any longer and announcements have been made by Panasonic, Sony, Denon, Yamaha and Sennheiserthat prices will increase by up to 32% in January 2009. Once this happens expect other manufacturers to follow. The prices may increase on current models for a number of manufactures whilst others may well wait until they launch imminent new ranges of products. But be in no doubt prices will rise. Furthermore if the pound weakens even further then prices may have to increase even further in the future.
So if you are looking to purchase the latest Blu-Ray Player, high definition Plasma Television, HD LCD TV or other consumer electronic item now may be a better time than ever or else you will probably not see prices at the current levels for some time to come. As a result beat the price increases, buy now, otherwise dont say that you wasn't warned.
About the Author:
With virtually 20 years Armadeus Cornelius has built a wealth of knowledge and authority in the consumer electronics industry. If you need advice or you would like save money then go Cheapest TVs or Cheapest Plasma TVs or Cheapest LCD TVs
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