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General photography questions and answers: Discuss These prices are stupid...Just sat having a look at Grays of westminster website, right are you all sat down? D3 now at £3049 ...
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Old 09-03-2009, 19:30   #1 (permalink)
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These prices are stupid

Just sat having a look at Grays of westminster website, right are you all sat down?

D3 now at £3049 with a RRP of £4000

D300 now at £1089 with a RRP of £1450

D700 now at £1749 with a RRP of £2200

D3 with a 24 70 now at £4249

D3x now at £4999 with a RRP of £6000

D3x with a 24 70 and a 14 24 "only" £7575

D3 with 24 70 and 14 24 £5449

14 24 is now at £1375 of which i have one and paid nowhere near that.

And the most depressing thing is that these prices could be with us for quite a while, and i would certainly be interested to see their next 12 months sales figures compared to the last 12 months.
Sorry Nikon i think your end up shooting yourself in the foot big time
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Old 09-03-2009, 21:13   #2 (permalink)
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Re: These prices are stupid

Canon et al are doing the same - the days of low prices for goods from Japan and the Far East are over, at least until/unless the £ recovers.
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Old 09-03-2009, 21:44   #3 (permalink)
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Re: These prices are stupid

As some members may have read I was about to splash the cash on my dream camera I waited a few years for this (full frame from my favourite manufacturer) then it went up £300 then £400 so I was going to go far the next model down, then the same thing happened, so maybe a long lens that went up £200......so I had a look at my existing kit 2 DSLRs 4 fast lenses 1 5* kit lens, a small powered flash gun, 2 manfrottos, a studio flash set up oh and 2 digital compact cameras.....do I need any more gear at rip off prices.......no I dont! last week I went out and bought a new car (heavily discounted) that will see me through my days, this week I bought a new fitted bedroom they offered me everything at discount prices for my custom! so thats a few thousand pounds that the camera manufacturers wont see........I know who will be better off in 12 months time..........

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Old 09-03-2009, 22:17   #4 (permalink)
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Re: These prices are stupid

Exactly !
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Old 09-03-2009, 22:26   #5 (permalink)
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Re: These prices are stupid

With the Yen being so strong at the moment vs. the pound I really do not see that they have much option. The pound has fallen by about 35% vs the Yen. Eventually the money you hand over for the camera arrives back in Japan as Yen. If they kept the sterling prices down they would be probably selling cameras at a loss. It does not sound if they are passing all of the fall on at the moment.

I assume that they have not increased the price much if at all in Japan - it would be interesting to know. If they have not then you could think about buying from there but as you have to change your pounds into Yen you will be back in the same boat.

We are all suffering from the pound being a relatively strong currency for the past few years. Based on history a "correction" was bound to come along.

Everything we buy from the US, Japan and the USA will be more expensive in the near future.

To see how depressing it all is you only have to look at

Japanese Yen Exchange Rate Graph - British Pound - Historical Exchange Rates

Where you can see that the pound has also declined vs the Gambian Dalas, the Bangladeshi Takas or the Iranian Rials etc etc.

In fact it is difficult to fin any currency that the pound has strengthened against over the last 6 months.
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Old 09-03-2009, 22:38   #6 (permalink)
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Re: These prices are stupid

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In fact it is difficult to fin any currency that the pound has strengthened against over the last 6 months.
The Zimbabwean Dollar.
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Old 09-03-2009, 23:32   #7 (permalink)
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Re: These prices are stupid

Don't get me started....everyone is saying the economic is tanking all over the world so you would think that JACKING UP your prices would be a DUMB way to get people to spend more money. However, I guess the camera world is different. Prices on hardware for photgraphy products are goingsky high. You name it and it is going up. Nikon, Canon, Pocket Wizards etc... It is nuts!
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Old 10-03-2009, 01:21   #8 (permalink)
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Re: These prices are stupid

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The Zimbabwean Dollar.
Thanks Silky for the reminder that there's always someone else worse off
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Old 10-03-2009, 02:07   #9 (permalink)
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Re: These prices are stupid

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Don't get me started....everyone is saying the economic is tanking all over the world so you would think that JACKING UP your prices would be a DUMB way to get people to spend more money. However, I guess the camera world is different. Prices on hardware for photgraphy products are goingsky high. You name it and it is going up. Nikon, Canon, Pocket Wizards etc... It is nuts!
They don't have much choice really. The manufacturers and suppliers can either sell at a loss to a declining number of customers (even at the old prices, there are now fewer people with spare cash - except Dave ), and negative profit isn't a good survival strategy. Or they charge a realistic price based on the new exchange rates, in which case they may have to reduce production drastically but stand a chance of staying alive.
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Old 10-03-2009, 08:48   #10 (permalink)
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Re: These prices are stupid

That dont make sense surly its better to sell 100 items and only make £100 on each than it is to sell 10 and make £200 on each if you get my drift as well as having the cost of laying peoplle off. And as for the comment on Dave wait until the bills start rolling in on his new toy!
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Old 10-03-2009, 18:48   #11 (permalink)
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Re: These prices are stupid

i was reading somewhere that the cost of the sensor in the nikon D3 made up about a third of its overall cost. I paid £2784 for mine courtesy of pc world...cheapest price i could find. I don't know if any of the manufacturers actually manufacture every single part of the camera or if they source certain parts, but i think in the general climate, its the cost of parts going up that is pushing the price of the finished article up rather than the brand putting up the price for the sake of a few more quid.
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Old 10-03-2009, 19:35   #12 (permalink)
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Re: These prices are stupid

My point being is that......the BIG companies are doing exactly opposite of what their governments are asking them to do. Rather than lowering or keeping their prices low to encourage people to spend more they are jacking up the prices and making EVEN more people NOT spend money. The whole point of all these stimulus packages to get the economy going, not to give the big companies big fat wallets. If you look at department stores....all the stores are having SALES, but no camera stores are jacking their prices up instead!
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Old 12-03-2009, 01:43   #13 (permalink)
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Re: These prices are stupid

The price increases are not being implemented unilaterally by the retailers, it is the manufacturers in Japan who've increased prices. This has to do with the rate of exchange between the GBP and the Yen. The retailers have to increase their prices of goods which they import from Japan in order to stay afloat, because they are paying increased prices. They cannot be expected to sell at a loss and hope to survive. Local photographic retailers are stuck between a rock and a hard place
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Old 12-03-2009, 12:21   #14 (permalink)
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Re: These prices are stupid

Having just spent a large amount of cash on something at the old price the saleman told me the company had just received a government grant but the day after the company put the prices up, I was lucky but the following day the customers were going to be very unlucky to have missed the deadline!
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Old 12-03-2009, 17:19   #15 (permalink)
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Re: These prices are stupid

Well I look at it this way. It is a free market so each retailer has the freedom and the right to think and sell as they see fit. It is not just a matter of getting stuck between a rock and a hard place. If you have the guts to give good services and "lower prices" than your competitor then chances are you will get more business. No you might not be making much, but you will be making more than the next guy. The down turn in the economy doesn't last forever, it will come back up sooner or later. It is in these harder times that people need to have some guts and still provide good service at good prices to keep their customers or even win a few new ones cause the guy down the street is keeping with the market prices.
All these so called bail outs from the govornment is not going to work unless spending/investing ripples through the WHOLE chain of market from manufacturer, to retailers to consumers. Once again, if you go shopping at a mall you will clearly see the sales, it is hard to understand why some sectors feel they have a need to lower prices to attract customers while other sectors feel they need to rise prices to keep their customers.
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Old 12-03-2009, 17:43   #16 (permalink)
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Re: These prices are stupid

we could always renew an interest in pin hole cameras...
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Old 12-03-2009, 17:45   #17 (permalink)
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Re: These prices are stupid

Quote:
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Well I look at it this way. It is a free market so each retailer has the freedom and the right to think and sell as they see fit. It is not just a matter of getting stuck between a rock and a hard place. If you have the guts to give good services and "lower prices" than your competitor then chances are you will get more business. No you might not be making much, but you will be making more than the next guy. The down turn in the economy doesn't last forever, it will come back up sooner or later. It is in these harder times that people need to have some guts and still provide good service at good prices to keep their customers or even win a few new ones cause the guy down the street is keeping with the market prices.
Thats fine as long as everyone is not already selling the stuff for just above what it costs them to buy in. You are assuming that the retailers are still making the same markup on the increased prices which may (or may not) be the case.
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Old 12-03-2009, 20:08   #18 (permalink)
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Re: These prices are stupid

The ripple effect has already started as I have seen Computer hardware prices starting to rocket in the IT industry. The days of cheap electronics could be over for a few years to come
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Old 14-03-2009, 11:39   #19 (permalink)
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Re: These prices are stupid

An interesting thread and a good discussion:

A short time ago the pound was worth circa $2, don't really remember any prices for imported goods dropping at that time......?

In reality I can imagine that companies such as Nikon Sigma, Canon et al are just trying to tick over through this economic crisis, charging prices that will return a profit on sales made, whilst not throwing their merchandise onto a market that will return nothing to them financially.

Sometimes it is understandable that companies do not want to sell their goods in a negative market.

Lets hope they don't follow the British Gas model on prices and maintain high prices when their costs (parts and monetary exchange included) reduce.
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Old 14-03-2009, 12:07   #20 (permalink)
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Re: These prices are stupid

Plenty of cheap Memory though at the moment.
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Old 14-03-2009, 12:38   #21 (permalink)
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Re: These prices are stupid

There not doing themselves any favours especially the way things are at the moment.
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