Do You Have A Technical Gadget Spending Limit?

What is the most you would spend on a technical gadget? $500, 600$, $1000… Well it seems upon recent research most electronic makers have come to the conclusion that the general public will usually not pay over $400 for a technical gadget.

Apple last week slashed the price of its iPhone cellphone to $399 from $599 just two months after it was released. That’s a sign sales were sluggish, says equity analyst Ashok Kumar at CRT Capital Holdings. Apple has not released recent sales numbers. It said it cut the price because it wants bigger holiday sales and is on track to ship 1 million iPhones by the end of the month.Most consumers will only pay about $399 for a typical electronic item, no matter how cool, says tech analyst Tim Bajarin with researcher Creative Strategies. Although there will always be some willing to spend top dollar, “that is pretty much the highest you can get and still have large volumes,” he says.That may be why several recent cutting-edge devices have struggled to find buyers.Among them Cellphone-maker Palm last week canceled a much-touted new product, the Foleo, due in part to “early market feedback,” CEO Ed Colligan wrote on the company’s website. Many early reviews said the $599 Foleo, similar to a tiny laptop, was too expensive.

After reading this article I started to think about all the gadgets I own, and what was the most I ever spent on any one item. I did an inventory on all my techie gadgets(and I have a lot) and I realized I never spent more that $350 (for myTreo 650 SmartPhone) on any one item.  I guess Apple should have done their research before pricing the new Apple iPhone at $599.

via USAToday

1 Comment

• October 6, 2007 at 4:45 am
  Wahoo says:

  Thank you for sharing!