On September 29th there is supposed to be a reveal of Google’s new Nexus smartphones and as you may expect that means the older models will drop in price. It was recently shown that on a site called Expansys you can now get the current Nexus 6 phone model for $369.99. That is over 30% off the retail price. I think it is safe to say they are a company that wants to get rid of the old phones to make way for the new model.
What I thought was great about this is how it kind of clearly shows you that technology products can drop like a rock in price pretty quickly as long as you are not caught up in needing the latest and greatest. I have noticed more nowadays too that a lot of people who buy the high ticket items on day one usually have an intent on reselling it. If for some reason you need a major upgrade for like work then that is a different story.
Is seeing these kinds of savings more appealing than simply being one of the first to have the best there is?
The post How Quickly Older Technology Can Drop In Price appeared first on Alan Yu Business And Finance Blog.