Tuesday, January 5, 2010
10 Things Not To Buy In 2010
Ten years ago, most homes relied on dial-up connections to access the Internet and iPods, flat-screen TVs and the Nintendo Wii didn't exist.
In 2010, consumer should expect to see more revolutionary products supplanting old mainstays. In media, DVDs, books, newspapers and magazines will continue to lose ground to services like in-home movie rentals and gadgets like the Amazon (AMZN) Kindle. In big-ticket items, the push for energy efficiency will continue to influence consumer decisions on cars and home upgrades.
As a result, some consumer products appear poised for a dip in sales, which could be a prelude to obsolescence. Here are 10 items not to buy in 2010.
Home Telephone Service
It will probably take a while, but home landlines could become as archaic as the rotary phone.
According to a Centers for Disease Control and Prevention study, more than one in five U.S. homes (22.7%) had cellphones — and no landlines — during the first half of 2009, up from 10.5% during the same period in 2006.
Ditching your home phone is easier now than it has been in the past, as cell phone companies compete for greater market share and alternatives to the home landline continue growing. For example, magicJack provides phone service when it's plugged into a computer's USB port and a home phone. It costs $39.95 and includes a one-year license for calls in the U.S. and Canada; after that, service costs $19.95 per year. (By contrast, Time Warner Cable's digital home phone service costs $39.95 per month.)
And, consider Skype, which is free when you communicate with other Skype users; this software application uses the Internet as a platform to make calls, hold video conferences and send instant messages.
CDs
When was the last time you bought a CD or even walked into a record store?
The past decade was one of the worst for the industry. In the beginning, there was Napster. Then came iTunes, which was introduced in 2001 and offered affordable pricing and easy accessibility. Face it, CDs aren't coming back.
Record stores are feeling the pinch. Most Virgin Megastores in the U.S. have shut down following declines in sales and revenues. In 2004, Tower Records entered bankruptcy and by 2006 most locations had closed.
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