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TV Prices Expected to Plunge This Holiday Season
If you're in the market for a new TV this holiday season, you're in luck; major electronics manufacturers are slashing prices left and right. On Friday, Sony announced that it had abandoned all hope of turning a profit this year, while Panasonic predicted that its TV prices will drop even further during this fiscal quarter. The announcements come on the heels of similarly pessimistic outlooks from LG Electronics and Samsung, and reflect an ongoing, industry-wide struggle with uniquely harsh economic times. According to Bloomberg, television prices could drop by as much as 25-percent in 2010, thanks in large part to a stronger yen, and the unexpectedly tepid consumer response to 3-D sets.
At the beginning of the year, manufacturers were expecting expensive LED screens and 3-D sets to keep prices relatively stable. As it turns out, though, U.S. consumers haven't responded very enthusiastically, and aren't willing to pay more for higher-quality displays. Now, major companies are simply looking to cut their losses -- and, of course, their prices. "There's going to be a price war this Christmas season, and there's no way around that,'' says Tsutomu Yamada, a market analyst in Tokyo. "The whole strategy this year is 'sell earlier and sell for less.' That makes life miserable for the manufacturers.'' Bad for them, great for us.
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Comments
9
Subscribe to commentsRobertNov 1st 2010 5:33PM
OMG. Do people still watch TV? Haven't they heard of computers? I speak for ALL of us when I say.....What IDIOTS.
Poker ClifNov 1st 2010 7:36PM
Good luck watching the Super Bowl live on your computer.
John BolesNov 1st 2010 7:19PM
@(Unverified) Another solopsist rears their head...but only for a moment.
fernand755Nov 2nd 2010 11:19AM
@(Unverified) Thanks for making me realize how useless I have become. I want to be just like you so could you tell me where I could buy a computer with a 60" screen and surround sound? What channel do I need to go on a computer to watch HBO? Thanks pal, really appreciate your help
rjgNov 1st 2010 7:54PM
You mean they now have 55" high defination computer screens that work in real time? Go on, your just joshing!
switchedNov 2nd 2010 10:54AM
@(Unverified) They really do! If you had one of the newer TV sets, you'd know they can be used as computer monitors, at resolutions as high as 1920x1080. You really should keep up with technology if you're going to try and diss someone.
lassiNov 4th 2010 8:20AM
@(Unverified)
yep, and everyone who already has a 40"+ home theater screen.. already has a 40"+ home theater screen. also the price fixing is starting to be really gone from the field too(that panel manufacturers participated in few years back, so actually this crashing of pricing should've happened much earlier, they're so much cheaper to produce and ship than crts).
and led backlight doesn't bring enough new value and neither does stereoscopic 3d, so the consumers say with their wallets. 3d was the saving horse for the industry hopefuls, but it's not catching on. there's NO going back to being able to charge thousands of dollars for something that gives you 32-40" screen, simply because current cheap screens are pretty good. not just pretty good but damn good, I remember my crt 56hz/800x600 nec(crt's also typically had distortion, a slight zoom on the image, when going from bright image to dark).
rayNov 2nd 2010 11:45AM
After watching the news recently and the FAUX network for a few minutes I can't help but think this country is doomed. Those who think their Iphone and computer are the really in thing are about to come up against reality. If the repukes take back the government these morons will be in for some really nasty suprises. Get ready for a new military draft to fight the next phoney war. You slackers are going to get the jobs you wanted, but they will be in the army. Go GOOP lovers. You teabaggers will be back sucking teabags.
TerenceNov 8th 2010 1:23PM
after reading all these comments, I feel like I've lost 100,000 brain cells...