Consumers always like to get the best deal possible. As far as the consumer electronics industry goes, each year brings a better deal. So when is the best time to buy? For each consumer product, there are different technologies and advances to consider that will affect the best time to splurge on consumer electronics.
One of the most watched consumer electronics items is the LCD television. LCD screens are a big topic in price drops, as they have become considerably cheaper over the years thanks to better production techniques. In the beginning, it was very common for LCD televisions to fail before leaving the assembly plant. Today, production means have improved- and they are only getting better. This has led to the eventual decrease in cost, as manufacturers are incurring less costs as well.
In a time not too long ago, we saw car stereos maintain rather expensive price even for the most basic of after-market models. Today we see LCD-based monitors complete with satellite radio capability for the same price of basic models just years ago. Obviously the LCD-based monitors have come down in price for the same reason televisions have, but stereos in particular have come down thanks to advances in how transistors are used, made, and produced. As time goes on, transistors will be the main cost-saving component of most standard electronics.
Sometimes it isn’t about what is being produced for less, but what else is out there that may “outdo” the competition. An example would be with computer peripherals, where the mouse soon evolved into a laser-based tracking system- instead of the conventional ball used to track movement. Although seemingly more complicated, laser mouse technology is now competitively priced with older technologies, which have no other choice but to maintain the same price or beat it.
A smart buying decision is one that has been researched to a good extent. Buying a DVD player today, for instance, may not be the best long-term decision. Today the Blu-ray disc is starting to make a profound impact upon consumer electronics buffs. It will eventually replace the DVD completely in time, if another technology doesn’t already, much like the DVD has replaced the VHS tapes of the past.
Take the tips mentioned in mind: the manufacturing process, new technologies emerging, and of course competition. With a little research, a consumer may ensure their purchase will not be in vain, or simply become obsolete within a few years of buying it.
Consumer electronics resources are everywhere- shop around for the best deal. Check online retailers, local resources, and even consider resale shops if the prices still can’t be afforded.