If you aren't careful, the racket will get you ...

Greetings!  I'm Mark Micheau, manager of research and translation services at heep://www.sterlingcreations.ca.
Today, I have a terrific article to share with you; one that warns you about why you should not buy tech toys.  We thank Marius Hershkoff for sending this along to us and we chose this article because of its relevance. 
Thank you Marius.
Have a great day.

 

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A reader's contribution

 

If you aren't careful, the racket will get you ...

 

 

 

Why you shouldn't buy new tech toys
When a new gadget hit the stores, it's tempting to rush out and buy it, but here
are some reasons why it might be better to wait

 

Erin Joyce
Investopedia.com

 

 

 

When the newest gadget hits the stores, it's tempting to rush out and be the
first in line to buy it. After all, it's fun to have the latest and greatest. But
there are some solid reasons for holding off on that shiny new tech purchase. While it
may rain on your parade today, it may save your wallet in the long run. Here are
just a few reasons why it might be worth the wait.

 

Price Drops
Perhaps the biggest reason to hold back on your gadget splurge is the price.
When a new product hits the shelves, its price is at its highest. Often, waiting even
just six months will mean a much friendlier price tag – especially if an updated
model is about to be released.

 

For example, in the wake of the iPad and iPhone 4 releases, Apple has seen its
iPod sales decline, and has slashed its prices accordingly; the 32GB iPod Touch is
now going for $299 (U.S.) on the Apple website, down from $400. While you may prefer
to put your money on the iPad on the iPhone, if you are just looking for a new
MP3 player, an iPod looks like a great deal right now.

 

Format Wars
As many of us may be set to experience, buying into a particular format can
backfire if a different one ends up being the standard. When new formats enter the scene,
replacing your old model - or worst case, entire collection - can leave you
frustrated and hundreds of dollars poorer. Take for example the recent at-home movie format
wars. Although DVD is still widely available, Blu-Ray continues to gain ground.
If the trend continues, your DVD collection may end up in the garage sale box along
with your CDs – and we'll be left forking out the cash to replace them with
Blu-Ray and digital downloads. Or you might look even further ahead, and just skip to
on-demand movies and save yourself the storage space.)

 

 

 

Competing Products
Often contending products can help to drive down the prices of new products.
These could either be existing comparable items or new ones entering the market with
the intention of competing for the space. A good example would be Sony's Playstation
3. After entering the market at $599 for the 60GB model in May, 2005, Sony cut
its prices last fall to compete with Microsoft's Xbox 360 and Nintendo's Wii. Now,
you can get the 120GB model for $299.

 

 

 

Sony also recently dropped the price of its e-book reader to fall more in line
with Amazon's Kindle and Barnes & Noble's Nook. The high-end 3G version has dropped
from $350 to $300.

 

 

 

Bugs
Sometimes when a new product is released, major problems are discovered. If you
are among the first to buy in, you may find yourself holding a product that, while
being the newest of its kind, is also a big pain to actually use. Those enjoying
Apple's fastest selling product to date, the iPhone 4, may have realized that the signal
strength dropped significantly if the phone was held a certain way. An issue
that will no doubt be resolved in upcoming versions, the current phone requires
either a specific case, a piece of duct tape or holding the phone a certain way.

 

 

 

The Bottom Line
It may be worth it for some to spend the extra cash and have that new device
right away, but for many, waiting just a few months is a good trade for the savings.
No one likes to see that special tech gadget they forked out big cash for on sale
                        for 60-per-cent off just a short time later.

 

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