What Recession ?

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moneyProfessional camcorders going up by 10-15% by the 1st of April 2009 (No it’s not an April fool)

This will be the second price hike in the space of 3 months, UK consumers being hit worst due to the falling pound. It’s a joke …we are in a recession yet camera manufacturers seem to think we can stand a further price increase. When I bought my EX-3 at the tail end of last year it cost £6600 today you can pick up the same camera for a whopping £7118 thats over £500 which is £100 per month increase and it’s due to go up again !

I have a pet rant and that is the price of P2 cards, they are holding back camera sales… but even worse is the fact that they have gone up in price by £600 since last summer..I despair. Now this seems to stem from the pound v dollar v yen …look at the car trade sales down by 60% manufacturers have stopped making certain cars for the next 6-12 months.

It’s only logical that if you keep passing on these price increases that we will stop buying camcorders and Sony, Panasonic, JVC and the rest of the team will come to a halt.

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