The Inquirer-Home

TV prices to go up after Christmas

Up by a third
Tue Dec 16 2008, 07:57

IF YOU ARE PLANNING to buy a new telly, it is probably better that you do so now, as manufacturers are planning to jack the prices up by nearly a third next year. Or so the makers would like you to think

While punters are staying away from buying TVs and years of price warfare has taken its toll on manufacturers' profits, it seems that the poor lambs have had enough.

According to AP, the TV manufactures are warning that they will increase the prices of TVs by 30 per cent early in the New Year.

Retailers can currently keep prices low because they have shedloads of inventory on hand. But currency values have plummeted in most western countries and retailers will have to start buying new stock early next year at the new exchange rate.

Sony have said that they will increase the cost of televisions by between ten and 30 per cent early in the New Year. Panasonic and Samsung also have suggested that they can't hold their current pricing either and will have to increase the price.

Either that or it's just another fiendish plot to get you to buy that new 42-inch plasma sooner rather than later. Hmmm... sneaky! µ

L'Inq
AP

 

Share this:

Comments
Great deals on TV's before Xmas

I picked up a Panasonic TH-42PZ85U plasma for 799.00 + shipping on cybermoday, a real steal. Like this summer when PC's were going from Duo's to Quads, and how cheap they were, I bought a lot of those for my families. Prices are going up people so save money, and buy the inventory clearing priced items. Case in point, gateway quit making the FHD 2400 monitor, they make the FHD 2401 now, and they sell at the same price. But, the 2400 had 4 usb ports,composite, and component ports, the 2401 does not. I bought 4 of them. I bought some gateway computers with Blu-ray, dual optical drives, 500 gig HD, 3 gig ram, TV tuner, 2.2 E4500 duo, ATI 2400XT card, 300wt PSU, for 750.00 usd new. Down the road I will be able to buy some Intel PIB 3+ghz duo's for close to 150 usd, and along with a 700 psu, and a newer video card, it will be a real screamer for less than a 1100.00 usd in total. The computer as is runs the 42" TV, and the 24" monitor in dual mode, with the TV recorder working, and playing CFS-3 or GTA-SA without any stutter. The replacement cost for that type of set up after Xmas this year will be far more than what I paid for them.

posted by : MPrck, 27 December 2008 Complain about this comment
Oh no....

What will we do without our TV's.

Why is this even a story TV is a waste of time and IQ points.

posted by : Drake, 17 December 2008 Complain about this comment
Dude

But David Ackery, general manager of electrical at Harvey Norman, said "..That's going to change somewhat early in the new year because Sharp yesterday flagged a 10 per cent price increase, Sony have flagged price increases of up to 30 per cent and Panasonic and Samsung also have suggested that they can't hold their current pricing."
A Salesman.
Says "buy now prices will go up!"
You seriously believe that?

posted by : Ian, 17 December 2008 Complain about this comment
We are doooomed!

Evil TV Overlords with their malicious Satoric Gossip Claptrap! Y2K, TV and HDTV will be "things that used to be" when auld-timers get together and reminisce. That's exactly what they'll be expecting us to do! We have got to save t'day! Else we shall never be able to afford the cyberkinieces, including many apparatti and manipulators, and ultimately the jets and oil spray that we'll need to get out of this War on the Economy. In the very far least, I would caution against the purchase of any unit that did not include a half subset of the following "Programs and Features":
Booster rockets.
Cable gun.
Oil injector.
Claw arm.
Fusion cutter.
Holoprojector / Recorder.
Periscope.
Map of Exeter.
Electric pike.
Propeller.
Hidden lightsaber compartment with ejector.
Fire extinguisher / Smoke Screen.
Small Saw.
Air Cannon.
Crashmat.
Lariat.
Submarine Mode.
Collapsible Umbrella.
Flea Remover.
Distractor.
Headdress Detangler.
Droid Deactivator.
Computer Interface Arm.
Charge Arm (electric shock).
Life-form Scanner.
Breakdance Mode.
Polarity sink.
Hose.
Inflatable mattress.
Media copy / storage disc drive.
Jukebox.
In a galaxy far, far away....
Small red "tongue" ribbon "Confetti-creation device".
Chinese New Year Takeaway.

posted by : PiP2bad, 16 December 2008 Complain about this comment
Sales trick

It's just a trick.

The trick goes like this- "Buy now at our low low prices before we increase the prices in January". What happens if they don't move the inventory in January at higher prices? You guessed it. Price cuts and sales. No one is going to pay higher prices for things they don't need in this economy. There is only one Flat screen in my house and it is 19". All of my TV's work and they aren't being replaced until they die. Most Americans in this economy think that way, UNLESS a sale happens to jolt money from their pockets, but I can guarantee you that price increases will not amount to sales. Price increases cause a drop in demand. Whoever starts the sales ring first will start making money first. Those who don't follow that lead won't make money. Simple economics really.

posted by : Frank Black, 16 December 2008 Complain about this comment
Reality begs to differ

Ever so often you get to chance to get a glimpse at how little of the news reported in the media is true. I work for an international logistics company in the UK and we ship, store and deliver many electronic goods for retailers and producers.

Our electronics customers are scared sh'tless, because all their warehouses are full of flatscreen TVs and other pricey electronic goods that they cannot move. And you know what, more containers are still in transit with a lead time of order to delivery of around 3-4 months. They are actually keeping the prices fairly stable at the moment to reap whatever they can get out of the Christmas market.

According to our customers, December and January will remain stable,("huh, Janaury?" - think returns, gift vouchers and money for Christmas). Come February 2009, if trade does not significantly pick up by then, prices for high value electronics will plummet. There is so much stock waiting around in warehouses across the UK which needs to move out before they can even begin to think about getting in new stock. Look for drops of 20-50 per cent in the first qarter!

posted by : Nonof Ubiznes, 16 December 2008 Complain about this comment
UK also

The UK is also beginning to shift to digital.

Thing is with the current market, they're pricing themselves out.

posted by : Annodomini2, 16 December 2008 Complain about this comment
death of analog also a factor

Citizens in the states are being forced to either buy an analog to digital converter or a new tv. That is probably the biggest reason for the inflation. 80 percent of the American population are "technologically challenged" and will find it easer to buy a new tv when their sets suddenly stop working Febuary 17th.

posted by : mogwai, 16 December 2008 Complain about this comment
When Will They LEARN?

Thomas Vondrashek or TV for Short, Can Tell You, TV is XRay Machine. Takes 1/3 of Waking Hours & Dips Them in SHIT, Then Leaves You Craving For MORE. STAR SPASNGLED IVES.
Will TV Work Next Spring Coming On Today. Up Till Today, Thats Never Happened in ANY Televison Transition. Ultee' Recomendation: THROW BUGGER AWAY.
GET Life & Enjoy It, Breathing Fine Oxygen Outdoors For Stroll. Stop By Neighbors Poorch & View Real Hanging, Forget About End of World As We Knew it.
Squak, Squak. Chop,Chop. On With Dinner. Mysterious Writer.

posted by : TV, 16 December 2008 Complain about this comment
yeah right

Since the Korean currency has depreciated 30% to the USD that story doesn't hold up for Samsung or LG

posted by : bob, 16 December 2008 Complain about this comment
It's obvious

They need to recognise the revenue by year end so that's why they want you to buy.

If the prices do go up by x% next year then no one will buy anything!

posted by : Tyler, 16 December 2008 Complain about this comment
aboutus
Advertisement
Subscribe to INQ newsletters
Advertisement
INQ Poll

Facebook starts selling shares

Will you buy Facebook shares?