Price hike in UK at DVinfo.net

Go Back   DV Info Net > The DV Info Network > Digital Video Industry News

Digital Video Industry News
Events, press releases, bulletins and dispatches from the DV world at large.


Reply
 
Thread Tools Search this Thread
Old December 4th, 2008, 10:56 AM   #1
Major Player
 
Join Date: May 2007
Location: Ireland
Posts: 579
Price hike in UK

I just found out Sony have increased their prices of video related equipment in U.K. by 13% since Dec01 2008.

Canon, panny and the others are due to do the same next month.

Last edited by Ger Griffin; December 4th, 2008 at 08:56 PM. Reason: spell
Ger Griffin is offline   Reply With Quote
Old January 12th, 2009, 09:43 AM   #2
Regular Crew
 
Join Date: Jul 2006
Location: Chelsea, Michigan
Posts: 104
In the next two or three months we should be seeing increasing numbers of manufacturers increasing USD prices of everything from fisheye leneses to blank DVDs. The massive spending government has started and has announced plans for can only be facilitated by printing money thereby devaluing the dollar.

To make matters worse, I have read reports that the Chineese are going to stop buying T-bills (funding government debt). This will make matters worse. In theory interest rates will therefore rise as government raises the interest it is willing to pay on T-bills it sells.

It is merely a matter of when these new US dollars go into circulation to determine when prices will increase. This has never been done before with a global reserve currency so it is uncharted territory. We know that there will be some lead time. With non-reserve currencies historically the lead time has been a few months.
__________________
Wesley Cardone
www.WCardoneProductions.com, Detroit and Lansing, Michigan
Wesley Cardone is offline   Reply With Quote
Old January 12th, 2009, 10:03 AM   #3
New Boot
 
Join Date: Dec 2006
Location: Dorset UK
Posts: 21
From what I heard recently on a current affairs programme, China's economy currently has to grow as about 7% to sustain itself. It is not, it is 'underperforming' at about 5% and I understand they are in trouble too.

Across the world so many manufacturers are slashing prices from cars to housing stock in order to survive. So if companies that produce mass market 'luxury' items - like camcorders start hiking their prices upwards, I wonder how they in turn will survive (I know the broadcast wing is different in many ways but it is probably a much smaller market).

The global downturn is here for quite a while according to economists, and there is a lot of stock going to be left on factory shelves.

Regards

Paul

UK
Paul Miley is offline   Reply With Quote
Old January 13th, 2009, 03:24 AM   #4
Inner Circle
 
Join Date: Jan 2006
Posts: 2,699
Quote:
Originally Posted by Paul Miley View Post
Across the world so many manufacturers are slashing prices from cars to housing stock in order to survive. So if companies that produce mass market 'luxury' items - like camcorders start hiking their prices upwards, I wonder how they in turn will survive .......
I think a lot has to do with exchange rates - a manufacturer may well cut their prices *in their own currency*, but the effect be overshadowed by currency rate variations. And the pound has done very badly recently.
David Heath is offline   Reply With Quote
Old January 13th, 2009, 04:14 AM   #5
Regular Crew
 
Join Date: Jul 2006
Location: Chelsea, Michigan
Posts: 104
There are many factors to consider but what I was looking at was a narrow slice of the pie. When a currency is devalued it takes more of it to buy things. This is the theoretical definition of inflation. What the Obama administration is proposing is a massive devaluation of the USD. Some manufacturers may have inventory that they may promote with lower prices but their costs increase under devaluation and they must ultimately pass this along to the consumer.

My guess is that we will see a revived economy for a few months and then a return to a deeper sink-hole but the timing is truly guestimation. Except for the fact that this is the devaluation of a global reserve currency, this is uncharted territory.
__________________
Wesley Cardone
www.WCardoneProductions.com, Detroit and Lansing, Michigan
Wesley Cardone is offline   Reply With Quote
Old January 14th, 2009, 11:19 AM   #6
Regular Crew
 
Join Date: Jul 2006
Location: Chelsea, Michigan
Posts: 104
ADDENDUM:

I saw on the news that Sony has announced massive losses for the last quarter. Maybe the price increase was driven by those losses.

-Wes
__________________
Wesley Cardone
www.WCardoneProductions.com, Detroit and Lansing, Michigan
Wesley Cardone is offline   Reply
Reply

DV Info Net refers all where-to-buy and where-to-rent questions exclusively to these trusted full line dealers and rental houses...

Professional Video
(800) 833-4801
Portland, OR

B&H Photo Video
(866) 521-7381
New York, NY

Z.G.C.
(973) 335-4460
Mountain Lakes, NJ

Abel Cine Tech
(888) 700-4416
N.Y. NY & L.A. CA

Precision Camera
(800) 677-1023
Austin, TX

DV Info Net also encourages you to support local businesses and buy from an authorized dealer in your neighborhood.
  You are here: DV Info Net > The DV Info Network > Digital Video Industry News

Thread Tools Search this Thread
Search this Thread:

Advanced Search

 



Google
 

All times are GMT -6. The time now is 07:05 PM.


DV Info Net -- Real Names, Real People, Real Info!
1998-2017 The Digital Video Information Network