For TV Buyers, 'Tis Really the Season

For TV Buyers, 'Tis Really the SeasonIf you're in the market for a new TV, you'd be wise to scoop up one of the sweet deals out there for the rest of 2011.

Television manufacturers and retailers are eager to unload inventory due to sluggish sales. Among other issues, they over-projected demand for 3-D TVs, which could spell price drops of 30% to 40% from last year, James Wilcox, senior editor of electronics for Consumer Reports, tells DailyFinance.

"TV sales to date have been lackluster, so there's inventory in the channel. Manufacturers and retailers want to get rid of that, as new models are coming out next year," he says.

The business has been a victim of the tepid economy, as shoppers have postponed purchases of big-ticket items. A weak housing market has also stalled business.

The industry is also moving through a lull in the product cycle. Many consumers upgraded to flat-panel TVs in the past few years, and from standard-definition TVs to high-definition units over the last decade. Having made those shifts, they haven't had another compelling reason to purchase new models, experts say.

So, for the remainder of the year, shoppers can expect to find Black Friday-style deals on big-screen units, as well as Internet connected "smart" TVs, and 3-D TVs.

While the discounts on TVs will intensify over Black Friday weekend, prices could fall even further if sales are slow during the blockbuster selling period, Wilcox says.

"Consumers will be able to save $500 to $1,000 on TVs over the next few weeks" at stores such as Walmart (WMT), Best Buy (BBY),Target (TGT), H.H. Gregg (HGG) and Amazon.com (AMZN), says Shawn DuBravac, chief economist with the Consumer Electronics Association.

Big Deals on Bigger Sets, Feature Rich TVs

Expect to see steep discounts on larger units ranging from 42 inches to 60 inches, which are increasingly becoming mainstream.

In particular, 42-inch and 55-inch sets will be "the sweet spot" this year, DuBravac says. "We'll see 42-inch sets for under $500, and 55-inch sets for $1,000."

What's more, "Consumers should look for even more feature-packed TVs, often at lower prices than before," a Best Buy spokesman tells DailyFinance.

That means we should expect Internet-connected TVs, which have been selling briskly, to hit a new lows of under $1,000, Wilcox says.

Or even lower. Best Buy's Insignia Connected TV, a house brand, is retailing for $499 for a 32-inch model, and $699 for a 42-inch unit, the spokesperson says.

Like Best Buy, stores will be heavily promoting their house brands this year. "You'll see secondary and tertiary brands at extremely low prices," Wilcox says.

They'll also be pushing cheaper 3-D TVs.

In 2010, "the industry expected to sell about 3.5 million 3-D TVs. But based on estimates I've seen, they sold only about 1 million in the U.S. last year," Wilcox says. Now, shoppers will find basic, 3-D units for as little as $300, he says.

Black Friday Bargains

Over Black Friday weekend, limited-supply doorbusters could include a 60-inch LCD TV from Sharp for about $900, "a couple of hundred dollars cheaper than it had been previously," Wilcox says.

The weekend could also bring to market the first 32-inch, $200 LCD TV -- something that would have cost about $350 a few years ago, Wilcox says.

On Black Friday, Best Buy will offer a 24-inch LCD TV from one if its house brands for $79, the spokesman says.

Retailers will also be offering free shipping and extended financing options through the end of December to seal the deals.


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Big Sexy

You guys saying its made in china. look at your clothes and alot of the other electronics you use. hardly anyway to avoid it. and by the way samsung is a korean company but there products are actually produced in Mexico.

November 24 2011 at 2:14 PM Report abuse rate up rate down Reply
Greg

Even if something I don't need is marked down from $1,000 to $500, I still don't need it.

However, most people can't tell the difference between a need and a want.

November 22 2011 at 5:52 PM Report abuse rate up rate down Reply
Patrick

Wayne, OUR jobs got sent because people like you could not get the spelling correct on the job app. After a bit of time the job goes overseas. Stay in school and jobs will stay here.

November 18 2011 at 4:43 AM Report abuse rate up rate down Reply
wayne

THE GOOD NEWS IS IT ALL COMES BACK AROUND THEY SENT OR JOBS OVER SEAS NOW THEY OR CRYING THE CHINA KIDS NOT BUYING TVS

November 18 2011 at 2:49 AM Report abuse -1 rate up rate down Reply
Tammy

errrr..... NOBODY should be buying groceries at Walmart. (unless you have an IQ lower than 82)

November 18 2011 at 2:01 AM Report abuse rate up rate down Reply
Suz

Im going to save 100% buying nothing. No more credit cards bills for junk that lasts only a few years then winding up in the landfills while China laughs at us.Wake up people, your being used.

November 18 2011 at 12:38 AM Report abuse +2 rate up rate down Reply
1 reply to Suz's comment
jbird0162

Do you think that the things you buy with cash wont end up in the land fill?

November 18 2011 at 1:11 AM Report abuse +2 rate up rate down Reply
barbafree

I HAD A GREAT EXPERIENCE AT BEST BUY . I TOOK PRICES FROM LOWE;S, SEARS, AMERICAN, AND A LOCAL PLACE TO BESTBUY AND THEY TOOK ABOUT 20% MORE OFF OF A GREAT SAMSUNG, FRENCH DOOR REF. A SAMSUNG ,DISHWASHER, [QUIETEST ONE MADE!!] A GE PROFILE STOVE AND MICROWAVE........THEY ARE FANTASTIC, ALL STAINLESS STEEL FOR NEW KITCHEN....................AND MY DELL LAPTOP FROM THEM HAS BEEN SUPER FOR TWO YEARS....................IN IOWA THE PEOPLE ARE SUPER FRIENDLY AND REALLY HELP.....AND DON'T WORK ON COMMISSION LIKE THE OTHER PLACES..........DELIVERY WAS FREE, AND I WILL GO TO THEM FOR LOTS OF STUFF............MY 44 INCH PRIVATE BRAND THIN HD TV HAS BEEN GREAT FOR TWO YEARS..............NO PROBLEMS..................

November 17 2011 at 10:51 PM Report abuse +2 rate up rate down Reply
Setanta

LOL---toss out the bleedin tv's and see how peaceful your home becomes.....nothing but garbage on them.

November 17 2011 at 10:08 PM Report abuse +3 rate up rate down Reply
Plan A

You can also save money on gas, lunches, clothing and daycare by working as an employee at home. The FREE website “Best Top Jobs”has a FREE list of hundreds of companies hiring people to work from their homes. The positions include customer service rep, accountant, sales engineer, or claims adjuster. There are even jobs in the health field. There are both entry level and skilled level positions listed.

November 17 2011 at 9:22 PM Report abuse -2 rate up rate down Reply
ironmikemiata

Who Cares It's all CHINESE SCHIT

November 17 2011 at 8:52 PM Report abuse +5 rate up rate down Reply