Can you still find good deals on electronics now that Black Friday and Cyber Monday are over?
Jim Barry thinks so.
Barry, who is the Digital Answer Man with the Consumer Electronics Association, has witnessed the electronics landscape change drastically during the past 20 years. And he has positive news for Americans, who will spend $175 billion on electronics in the U.S. this year.
“The good thing about electronics is you’re always going to get a good deal,” he said. “There’s never been a better time to buy a TV.”
Barry points out TVs selling for $5,000 a few years ago are now available for $600 to $700.
“You’re always going to get a better deal than the guy who bought it last year,” he says.
Two major factors contribute to the ever-dropping prices of electronics: the pace of change and volume efficiencies. First, yesterday’s technology is today’s bargain, and stock has to be cleared to make room for tomorrow’s toys. Second, there’s a global oversupply of flat panel TVs, Barry says, and they have to be sold eventually. Both factors mean consumers win.
Barry offers these additional tips when buying electronics:
I asked Jim Barry for CEA’s holiday wish list from 1995, the first year they polled people. (You can view the 2010 list.) Here’s what people wanted 15 years ago:
-By Lauren Davidson, Atlanta Bargain Hunter