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Are Slashed Gadget Prices Set to Rise?

by Tim Stevens on March 17, 2009 at 06:10 PM

Are Gadget Prices Set to Rise?

There are some signs on Wall Street that this awful economy might just be starting to recover a bit, but even if it continues to flounder, some analysts are suggesting that you should seriously think about hurrying up and making that electronics-related investment you've been pondering. It's believed that the steep decline of prices on things like HDTVs and MP3 players is not only going to stop, but that those prices could begin to rise as consumer demand bucks economic trends.

While prices are still going down, that trend is bottoming out as prices of the components used in electronics, like flash memory and LCD panels, are beginning to rise. Higher component prices means higher production costs and, ultimately, higher retail costs. Also, with Circuit City finally closing its doors, tech mega-retailer Best Buy doesn't have to work as hard to get your money.

Finally, with more and more people spending more on home entertainment systems as opposed to vacations, eating out, and other outside the home diversions, it's believed that demand could rise. It doesn't take a degree in economics to know what that means.


So, if you still haven't joined the HDTV revolution and you and yours have managed to stay gainfully employed throughout all this mess, now might be a good time to jump in -- assuming, of course, you can still cover those ballooning mortgage payments. [From: BusinessWeek]

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Tags: business, circuit city, CircuitCity, costs, economics, economy, recession, retail, sales, shopping

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