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Price Chaos

CONSUMER ELECTRONICS PRICE CHAOS Despite the general expectation that gadgets become less expensive over time, the electronics market fluctuates on a daily basis. Prices can vary wildly from day to day, and often exhibit counter-intuitive behavior. Dramatic price drops Older models becoming expensive again Bizarre automated pricing DID YOU PAY TOO MUCH FOR THAT GADGET? YOU COULD HAVE SAVED $130 IF YOU WAITED 24 HOURS TO BUY. T3i 2/11-Present $900 On Jan 4, 2010, the Rebel T2i drops $130 overnight $850 T2i 3/10-Present $800 $750 Tli 3/09-Present $700 $650 $600 By April 2011, the older vesrion The Canon EOS Rebel camera's price fluctuation (shown here) is typical of many electronics. The lines indicate actual price of each model. The blue area shows the general price trend. $50 of the Rebel costs the same as a newer version. $00 Price vs Date OLD VS NEW? YOU COULD PAY MORE FOR AN OLD MODEL. $1600 OLD MODEL- NEW MODEL $1400 $1200 KOL - 46EX620 $1,200 $100 This Sony FlatScreen TV is a great example of an older electronics model suddenly becoming more expensive $800 than a newer model $500 3/10 4/10 5/10 610 7/10 8/10 9/10 10/10 11/10 12/10 /11 2/11 3/11 411 S1,400 KDL - 46EX600 $23.698,655.93 AUTOMATED ONLINE PRICING CAN COST YOU MONEY. In a world where a book can be over-priced by $23 Million, you might be over-paying for your gadgets. In April 2011, a biologist at UC Berkely noticed that a classic book on Amazon, The Making of the Fly, by Peter A. Lawrence, was priced at $23,698,655.93, plus $3.99 shipping. The regular price for this book should have been around $100. It turns out, the book was being sold by two Amazon sellers, each of which was basing its price off of the other. When one seller increased the price, the other seller would increase its price slightly higher. Eventually, someone caught wind of the auto-pricing fiasco and reset the prices. But prices soon climbed back up to $1,000 again! WWW.DECIDE.COM Sources: The Decide data vault, leveraging proprietary analysis of product ifecycles and bilions of price observations: Amazon.com: Michael Eisenis blog (michaeleisen.org/blog/?p=358) decide

Price Chaos

shared by Decide on Jul 14
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Don't overpay for gadgets. Despite the general expectation that gadgets become less expensive over time, the electronics market fluctuates on a daily basis. Prices can vary wildly from day to day, and...

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