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are retailers screwing us?


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13 hours ago, al said:

as i think quark mentioned early up we have one of the highest living costs and cost of doing business in the world. yet we somehow have still quite a rich retail environment. and i for one wish it stays that way. no way want it like the us that is totally bereft of bricks and mortar retail and has been for some 10 years. 

Al, can you elaborate please? Are you talking specialist hi-fi showrooms in the U.S.?  It's almost two years since I was in the States but I recall seeing mainstream retailers Best Buy and Walmart.  Best Buy had quite a big range of TVs on display. 

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On 20/07/2017 at 8:50 AM, Blackman1503561291 said:

If they can drop the price of this TV over $3000 and still making a profit today what are they paying for it. A Week before they were $14,600 for the tv and if you bought it them they would be making over $3000 profit + the Profit they are still making today at $10,993. Maybe everyone is fleecing us.

The only person fleecing us is ourselves. Manufacturers don't build something and say lets sell it at cost + 10%. They build it at great risk and sell it at cost - 150% for a while (i.e. they're losing money selling the TV at $10,000). But its just the start of the curve. The sunk costs have been sunk. Actually making the TV now costs maybe $500 per unit but the initial investment needs to be paid off. So once all the rich, impulsive, must have it now buyers have chipped in, dropping $3000 just widens the market for more patient and savvy buyers to start purchasing. Drop a few more grand and the market widens even more and the initial investment is pretty much paid off. After this point the profits start rolling in. 

Regards

Peter Gillespie

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yep no company does cost plus. its posted at whatever the market will bare. they have to. to make a profit an yes recover all the R&D or say royalties if using some elses panel or if they are making it for you :D

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11 hours ago, pgdownload said:

The only person fleecing us is ourselves..........  So once all the rich, impulsive, must have it now buyers have chipped in, dropping $3000 just widens the market for more patient and savvy buyers to start purchasing. Drop a few more grand and the market widens even more and the initial investment is pretty much paid off. After this point the profits start rolling in. 

Regards

Peter Gillespie

Cannot agree more ... at the risk of getting shouted down, there are many on this forum that I would put into the category of "rich, impulsive".  Many need to have the latest now so they go out and buy it.

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