HDTV and LCD monitor prices set to fall agian

HD TV LCDThis coming Fall it looks like prices for LCDs will once again plummet as consumer demand has tapered off leaving excess stock in the retail channels. It seems that early in 2008 manufacturers of LCD displays shipped a record number of LCDs especially large ones, which coupled with a faltering economy has turned the HDTV and display business into a "buyer's market". This price drop comes on the heels of a spat of price cuts in May of this year as Sony began to drop prices on its Bravia line.

The price drop is coming because of simple economics, and consumers should hold off at least until September to pick up any large LCD displays. If you are hanging on for another month or two before making the purchase it would be a good time to sock away more money towards your new TV rather than putting it on your credit card. If you can hold off until November, I wouldn't be surprised to see rock bottom prices on name brand LCDs. If prices drop enough you can toss a 42' LCD into that house you're still trying to unload and throw it in with the purchase. In this market you gotta try something!Something important to remember is that while I'm am telling you right now that you should wait to purchase your new TV for at least a month, history will repeat itself and come late October or November another analyst will make noise about more price drops. It's times like these where you need to weigh the need you have for an item and the enjoyment you'll get from it during those two months versus the potential savings. This time around I would wait to make a purchase since Fall, especially November is associated with big sales on LCD displays but you can easily spend your whole life waiting to get a piece of new technology if you hold out for that next feature and one more price drop.

Increase your money and finance knowledge from home

Introduction to Retirement Funds

Target date funds help you maintain a long term portfolio.

View Course »

Banking Services 101

Understand your bank's services, and how to get the most from them

View Course »

Add a Comment

*0 / 3000 Character Maximum