Money Talks: Don't Buy a Flat-Screen TV Yet
Wed, 13 Oct 2010 13:13:05 GMT —
Television has been progressing from black and white, to color, standard definition to now high definition -- now even 3D. Do you have a flat-screen TV yet?
While you may find absolutely no reason to get rid of your outdated TV, here's something to keep in mind if you're thinking of upgrading - or adding another flat-screen this year.
According to iSuppli, a market research company, LCD TV manufacturers are going to flood the market with new tvs. And prices are going to fall - a lot.
One prediction is that on this year's "Black Friday," 32-inch LCD TVs could drop to an average price $249 and $299. Some as low as two hundred bucks. Right now, they sell for an average of 350 to 400 dollars.
It's the basic economics of supply and demand. When there's a whole bunch of supply, prices will fall.
Eventually, the back log is going to be absorbed and these TV prices could come back up some. That could take about 3 months. So, if you do the math... that means you should really try to upgrade your television by the end of the year. Perhaps, maybe, a gift for the holidays.
Now of course, if it aint broke, don't fix it. But if you are going to get one of these things, Black Friday or toward the end of the year is probably the time to do it. And if you need help deciding what to get - LED, 3D, Backlit, etc. We can help with that. Just come to Money Talks News.com.