Today, people are switching to the latest models as quickly as new models come out of the market. The electronics manufacturers take advantage of the situation by coming up with new products and models regularly within short periods of time. Because of this the electronics industry runs away with huge profits every year.
However, due to the sudden economic downturn, people have become conservative with their purchases. It seems when the economy was hit by the recession, people became more price conscious about the products that they are buying.
When it comes to electronic products, many are now buying the brands that come from China because they are much cheaper than the more popular brands. There is a big chunk of market out there who have created a trend in buying cheap electronics. Much of these people can be found surfing the net for the best deals in electronic products. … Read the rest