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09/23/2003 09:17:44 AM · #1 |
... until after Thanksgiving.
Text of email
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EMERGENCY BULLETIN:
As the old auctioneer will tell you:
The best way to double your money is to fold it and put it back in your wallet.
Stock touts and newsletters often issue "strong buy" or "strong sell" orders.
We usually send our //www.nyip.com readers just one e-mail a month. But we're sending this special note for a very good reason.
Were issuing an advisory to you in the strongest possible language:
Don't buy a digital camera before Thanksgiving if you can wait!
Here's why:
We've been visiting the autumn industry events including Tech Expo here in New York City. Something remarkable is happening -- it's a bigger battleground out there than ever before!
First, going back a few years, the traditional camera manufacturers that make digital cameras had to start to share the marketplace with the big electronics manufacturers that burst on the scene.
That meant Canon, Fuji, Kodak, Minolta, Nikon, Olympus and Pentax (listed alphabetically) had to fight each other, and with:
Casio, Epson, Sony, Toshiba and a few others. Suddenly, companies that never made a film camera (nor other traditional photo-related equipment) were players in the arena.
Now, the computer dealers are getting involved in a big way. Gateway, Dell, and HP all have camera lines, a strategy to bundle cameras with computers, and very low prices. As one rep from one of these companies said to me they're cheap because we sell them direct to the consumer. How cheap? Well, there's one company offering a 4-Megapixel camera for $199. That's pretty cheap.
We can't name names right now, but one major photo manufacturer told us that they will cut prices on their entire line of consumer cameras in the very near future.
What does this add up to? Simple. PRICEWAR! The field of players continues to grow, and they're all ready to battle it out for market share. This is one type of war where there is a winner you, the consumer. But only if you wait a while. We anticipate price cuts all over the place.
When do the cuts kick in? you may ask. Over the last few years we've seen major retailers break with tradition and begin sales offers before Christmas instead of waiting until after all the presents are purchased. Like the manufacturers, the retailers and discounters are battling for market share. Last Christmas, more digital cameras were sold than ever before, surpassing the record that was set the year before that. We anticipate the same thing this Christmas. In fact, this year the sale of digital point-and-shoot models will outpace the sale of equivalent film models for the first time ever.
All the manufacturers want you to buy their brand. All the dealers in each distribution channel want you to buy from them. Everyone wants to increase margin in this area because they believe it's one of great growth over the next few years.
So, its time to fold your money and put it back in your billfold. We know you want to buy a digital camera in time for the holidays, either for yourself or for a present. Youre right to feel that way. Theyre better and cheaper than ever. But, we advise you in the strongest possible terms wait -- you'll see bigger bargains right after Thanksgiving when the Christmas promotions begin in earnest.
In the meantime, do your research. For information visit the Digital Photography area at //www.nyip.com. You'll find some tips for how to use your digital camera, along with other useful information. We'll be posting our Holiday 2003-2004 Complete Digital Camera Buying Guide shortly on our site. We'll notify you when we post it.
As always, we welcome your comments and feedback at editorial@nyip.com.
Regards
Chuck DeLaney
Editorial Director
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09/23/2003 09:21:05 AM · #2 |
I got the same message in a email and snail mail :)
Calvus
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09/23/2003 10:51:34 AM · #3 |
| I was planning on buying a new camera in the next couple of weeks, but maybe it wouldn't kill me to wait a little bit longer, I was looking forward to getting it as soon as possible, but I am all for saving money and getting the most for my money. But, I will be mad if I wait till after thanksgiving and the prices don't go down. |
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09/23/2003 10:57:05 AM · #4 |
Originally posted by Shannon:
I was planning on buying a new camera in the next couple of weeks, but maybe it wouldn't kill me to wait a little bit longer, I was looking forward to getting it as soon as possible, but I am all for saving money and getting the most for my money. But, I will be mad if I wait till after thanksgiving and the prices don't go down. |
If they don't fall - don't blame me, blame Chuck! You've got his email address...
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09/23/2003 12:15:46 PM · #5 |
Originally posted by Gordon:
Originally posted by Shannon:
I was planning on buying a new camera in the next couple of weeks, but maybe it wouldn't kill me to wait a little bit longer, I was looking forward to getting it as soon as possible, but I am all for saving money and getting the most for my money. But, I will be mad if I wait till after thanksgiving and the prices don't go down. |
If they don't fall - don't blame me, blame Chuck! You've got his email address... |
LOL I won't blame you Gordon, It makes sense that they would fall before the Christmas rush, I guess it won't kill me to wait a little while longer, I've done without it this long. |
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09/24/2003 07:49:52 AM · #6 |
Just buy now - no point in waiting - even if you do and then buy it will still be out cheaper a month later.Its a neverending circle of life.......
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09/24/2003 07:58:11 AM · #7 |
| I had heard Canon was coming out with an SLR digital under 1k. |
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09/24/2003 01:18:17 PM · #8 |
| Canon's is out, it is the Digital Rebel. My birthday is in December, I know what I am getting myself....I wonder how much I can get for my Contax AX? |
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09/24/2003 02:17:19 PM · #9 |
| That article seems focused mostly on consumer models. I wonder if the price breaks will trickle up to the prosumer level? I would think little, if at all, especially for the 300D, which is pretty much priced to sell as it is. |
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09/24/2003 03:19:40 PM · #10 |
| Off course if you intend to wait the Sony DSC-F828 with 8 million pixels due out in November for around 900 english pounds. It sports sony's four-colour imaging sensor, 7 x optical zoom, uses CF and Memory sticks. Looks 'nice'. |
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09/24/2003 03:22:19 PM · #11 |
Originally posted by chinstrap:
Off course if you intend to wait the Sony DSC-F828 with 8 million pixels due out in November for around 900 english pounds. It sports sony's four-colour imaging sensor, 7 x optical zoom, uses CF and Memory sticks. Looks 'nice'. |
It sounds nice - but have you seen the samples from it ? I think sony are trying to convince people to not buy it, with the example shots they are giving out.
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09/24/2003 03:35:30 PM · #12 |
| No i have not seen any 'samples' yet being a Fuji fan the Sony is not something i would personally look at. Still dreaming of a Fuji S2 pro at the moment!! Dont know how my other half would react to me spending that sort of money on a new camera considering i have only had my 602 since March.. |
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09/24/2003 03:45:39 PM · #13 |
| I saw a suggested camera price list that is go into effect the first of November, yes there is a definate drop in prices among more than one of the manufactures. |
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09/24/2003 04:59:39 PM · #14 |
Originally posted by ScottK:
That article seems focused mostly on consumer models. I wonder if the price breaks will trickle up to the prosumer level? I would think little, if at all, especially for the 300D, which is pretty much priced to sell as it is. |
And I suspect it will fly off the shelves. I was talking to a camera salesman the other day and he was sating that if I ordered an EOS-10D now, I might get it in the new year. Admittedly, he was trying to get me to buy the one he had in stock, so you have to take that with a pinch of salt, but even if you factor that in, they're not exactly sitting on the shelves. I expect the 300D would be worse.
So I wouldn't expect much of a price drop in the D-SLR sector of the market :-(
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09/24/2003 05:02:53 PM · #15 |
Originally posted by chinstrap:
Off course if you intend to wait the Sony DSC-F828 with 8 million pixels due out in November for around 900 english pounds. It sports sony's four-colour imaging sensor, 7 x optical zoom, uses CF and Memory sticks. Looks 'nice'. |
It does, but then again the sensor is no bigger than the 707/717, which means high noise levels. I love my 707, but one of the things I want out of my next camera is lower noise levels, a better viewfinder (optical) and the flexibility of interchangeable lenses.
Having said that, I'm sure it'll be a great camera and will sell in droves. 8M pixels certainly raises the bar for that market segment. |
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09/24/2003 05:45:35 PM · #16 |
| i've been saying it all along. |
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