Friday, November 2, 2007

TV Prices to Drop Like Flies

It's no secret that price erosion in the flat-panel TV market is running rampant. Pricing usually dips to an all-year low during the final months of the year, due to holiday season promotions and the like. Now with many retailers already reducing prices in wake of the strong Canadian dollar, how significant of a drop can we expect to see over the next few months? According to Consumer Reports, pricing will be somewhere in the ballpark of 30% cheaper than we saw this time last year.

Consumer Reports predicts that plasmas will see the cheapest pricing, with a 42" 720p model available for as little as US$1,000 (so would this translate to $920 CDN?), and some 50-inchers flying off shelves at $1,500 a pop.

Translation: if you're in the market for a flat-panel TV, and even think you might be in the near future, now is the time to buy. Pricing probably isn't going to get any better than it is now, given that so many factors are coming into play to drive it to an all-time low.

3 comments:

Anonymous said...

Wow!! can't wait to see this. i think sale retailers will still want to make a buck on our back, they are cautious &reluctant to drop their prices.but let's stay positive and hope for a price slash!! to all of us great bargains will arrive FINALLY!

Anonymous said...

When and Where can I get cheaper price of LCD 1080p tv? Future shop, Best Buy, Sony Store???

Salesman said...

People think that we retailers are always scamming our customers, this is simply not the case. We have to make a profit somewhere and when the TV prices are slashed the way they are now that becomes very difficult. If we dont make some kind of profit then the stores dont stay open, its as simple as that. It's frustrating as a salesman when the TV's are being heavily discounted and customers come in and still grind us for a better deal. Give us a break man!