Inflation has always made price increases inevitable across the board for almost all products. From food, to clothing, to building materials, everything that was worth something to people in the past is worth more to people today, and prices reflect that. But with the advent of modern technologies, many products that were only available to the few and the rich are now easily afforded by anyone with even a minimum wage paycheck. Remember 20 years ago, how expensive it was to purchase a Discman or cellular phone? Here is a list of four technologies that, in spite of their initially high prices, are predicted to become more affordable in the near future.
A new crossbreed between the PC an tablet came out in 2011, called the “Ultrabook.” The Ultrabook has no DVD or hard disk drive and offers the option of using either the touch screen or a detachable keyboard. The Ultrabook has everything you could want, all wrapped into one convenient package, but the initial sales of Ultrabooks were disappointing for producers and merchants. According to NPD analyst, Stephen Baker, prices of Ultrabooks are expected to continue going down in the near future, in order to increase sales.
Due to the endlessly rising prices of fuel and the detrimental effects to the environment, fuel efficient hybrid models of cars are making considerable inroads to the automobile market. But despite the economic benefits of hybrid cars, many people still cannot afford the initial cost of purchasing one. Additionally, even if everyone could afford to purchase a hybrid, not enough hybrids are able to be produced. However, car companies are currently investing massive amounts of funding in developing cheaper and better ways to produce hybrid cars. It is difficult to predict how long it will take before cheaper hybrid technology is developed, but it can be expected that within the next few years we will continue to see the price of hybrids becoming considerably cheaper.
Most people consider the best brand of Tablets to be the Apple iPad. Therefore, whenever Apple decides to release the iPad 3 and/or iPad Mini, prices of the earlier iPad models will inevitably decrease. Likewise the prices of tablets by other companies will also be forced down in order to compete with the iPad. And as other tablet products enter into market competition, they will have no choice but to compete on price.
The cost of solar technologies has been regularly decreasing over the past couple of decades. Recently, due to rebates provided by governments and utility providers, along with the regularly decreasing costs of production, many consumers are finding themselves able to afford solar technologies. As a result, there has been a boom in the purchases of solar technologies in recent years, and that boom has sent solar technology providers scuttling to offer the best prices.
The question in the minds of all savvy consumers is “When should I buy?” On one hand it’s cool to get great tech stuff at cheaper prices, on the other hand you miss out if you wait too long. One thing seems to be for sure, technologies are just going to keep getting better.
Susie Brown is a FastUpFront Blog contributor and business consultant. Fastupfront offers business cash advance financing to established businesses based on future sales.