December 27, 2011

BUT ELECTRIC CARS WILL BE TOTALLY DIFFERENT!:

TV Prices Fall, Squeezing Most Makers and Sellers (ANDREW MARTIN, 12/26/11, NY Times)

It's a great time to buy a television, and Ram Lall, a television salesman, isn't happy about it. In a basement showroom of J&R, the huge electronics store in Lower Manhattan, Mr. Lall says the days of making big money from televisions are in the past. Pointing to a top-of-the line, 55-inch Sony television, Mr. Lall said it would have sold for $6,000 a few years ago. The current price? $2,599.

"We are making less money because the company is forcing us to slash prices," Mr. Lall said, standing amid rows of flickering television sets.

Televisions have become so inexpensive that the profits have largely been squeezed out of them, a result of a huge increase in manufacturing capacity that has led to an oversupply and continued downward pressure on prices from low-cost manufacturers and online retailers.

The near fire-sale prices are great for consumers, who can now buy a television for a fraction of what one cost just a few years ago.

Posted by at December 27, 2011 3:22 PM
  

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