Tuesday, February 08, 2005

Watch for Falling Prices

If you're like me, you lust for a big, flat-panel High Definition TV but find yourself saying, "I'm not paying $2000 for a fucking TV!".

Well, it looks like prices are ready to start falling -a lot. Consumer radio talk show host Clark Howard tips us off:
TVs of all kinds about to drop in price

Clark predicted last year that prices on LCDs and flat screen televisions
would go down significantly, and it turns out he was right. Prices have fallen
by two-thirds on “lead price” electronics because there is so much manufacturing
going on. Clark saw a 32-inch flat screen television for $399 last week. It
would have cost $1,200 to $1,400 in the fall. The 15- or 17-inch televisions
that people put in the kitchen will get down to about $199. So, these TVs will
soon move into every room in the house, including the bathroom. DLPs are also
going down in price. So, the choices are everywhere. Factories are churning out
televisions left and right, and this fall will be the time to buy.

That sounds about right. There is usually one last big Christmas buying season where the market squeezes out the last of the big ticket buyers before prices are brought down to earth. I have no statistics but based on what I saw in the stores leading up to last Christmas, I'd say that was it.

Thanks to Mrs. Eleventh Hour for the tip.

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