Consumer electronics are everywhere in today’s age. Whether you’re looking in the closest shopping center or shopping online, overpriced electronics are always around us. That’s why in this day and age finding electronics at a greatly lower-cost is like finding a pot of gold at the end of a rainbow.
Now, with a decrease in consumer electronics sales since 2016 (https://www.i-scoop.eu/consumer-electronics-market/) the only chance of getting someone to actually buy a new electronic is if there’s some form of incentive. Whether that incentive is 4K, VR, Etc. the biggest incentive is price-cuts. Price-cuts are kind of rare in the electronics industry in today’s age as compared to something such as the clothing industry where clearance sales happen once a week. This is caused by how expensive electronics can be to manufacture and how rare some resources to make certain electronics are.
Due to the lack of price cuts in the last 2 years and how they’ve been so difficult to find on things like TVs and computers, more websites are offering coupons or sales for consumer electronics.(https://www.groupon.com/coupons/stores/lenovo.com) This is in hopes to spike sales and generate more revenue for these electronic companies that saw such a major decline in sales due to overpriced products. The whole point of these coupons is to help spark more sales in the consumer electronics industry and hopefully allow more growth for both the coupon websites and the company who the coupon is directed towards.
As the population grows and technology advances, consumer electronics will be seen more than ever as they are becoming an essential part of humans and their everyday life. More and more of the world will gain access and become reliant on these devices such as computers, phones, and internet service. So, no matter the sales now or in the past there’s bound to be a boom sooner or later in the industry. This boom might just be aided by such coupon-oriented services, again allowing more people to have access to these devices and more accessibility means more money in the pockets of sellers and a happier consumer.
If more consumer electronics are widely available third world country citizens will have more opportunity for growth and advancement through technology. Having access to services such as the internet and a computer gives them more of a voice in today’s world as the internet is the direct connector of cultures. Increased accessibility of electronics can bring more positive change to our world, as more of us will be connected.
The world we live in this ever-growing and will go through numerous changes in its time. So, for now, the main change that should be focused on is the price of consumer electronics and making them as accessible as possible. When electronic sales are seen remember that sales like such might open a door to a whole new world for a buyer and change their life. That sale creates a new opportunity and world to the buyer’s life.