If you are willing to wait a year, you can pick up tech at substantially cheaper prices than what it launched at.
While a year is a long time in the tech space, the incentive to wait can be tempting when you look at how items drop in price.
For items like graphics cards, smartwatches, and smartphones, waiting 12 months after launch sees a newer version of that device come to the market – which forces distributors and retailers to drop their prices to move older stock.
The lower specifications or performance of the device, no matter how marginal, also makes “old” tech less attractive and companies are quick to try and move these units by discounting them.
This gives South Africans the chance to buy powerful hardware and devices, which can still handle the tasks they were intended for, at cheaper rates.
The examples below illustrate this point.
Nvidia GeForce GTX 1070 Ti
Nvidia’s GeForce GTX 1070 Ti opened for pre-orders in South Africa in October 2017, and a range of card manufacturers had their models on offer.
Local stores like Wootware and Evetech had the cards for sale, with prices starting at around R8,500.
Fast forward a year, and thanks to the launch of new cards like the GeForce RTX 2070, the price of the GTX 1070 Ti has dropped.
Looking at launch prices in the table below compared against the current prices, the same cards from the same stores are discounted by up to 25%.
|Nvidia GTX 1070 Ti|
|Card||Launch Price||Current Price||Discount|
|MSI GeForce GTX 1070 Ti Armor||R8,499||R7,149||16%|
|MSI GeForce GTX 1070 Ti Gaming||R8,999||R6,899||23%|
|ASUS GeForce GTX 1070 Ti Turbo||R10,499||R7,855||25%|
|ASUS GeForce GTX 1070 Ti ROG Strix Advanced||R9,799||R8,599||12%|
Apple Watch and Smartphones
Apple is well known for not giving big discounts on its products, particularly in South Africa where a “20% off sale” would be welcomed at any time.
However, even Apple products drop significantly in price after new devices launch and time progresses.
Following the launch of the Apple Watch Series 4, the iStore held a sale on 31 October 2018 in which it offered the Apple Watch Series 3 at over 30% off its launch price. The Series 3 was launched in October 2017.
The iStore also launched the iPhone 8 in October 2017, and one year later the entry model is 11% cheaper.
For Android devices, the price difference is much more pronounced.
Looking at the Samsung Galaxy S8, which was launched locally in May 2017, the discount on its launch price compared to current pricing is just under 30%.
|Apple Watch and Smartphones|
|Item||Launch Price||Current/Sale Price||Discount|
|Apple Watch Series 3 38mm||R5,499||R3,799||31%|
|Apple Watch Series 3 42mm||R5,999||R4,399||27%|
|Apple iPhone 8 64GB||R13,499||R11,999||11%|
|Samsung Galaxy S8||R15,499||R10,999||29%|
Another category of tech goods which can set shoppers back a serious chunk of money is PC monitors.
Monitors intended for gaming or professional use can cost well over R5,000 for a 27-inch screen.
Like the items listed above, however, users can save money by delaying their purchase.
This is shown in the table below, were we compared the local pricing of high-end monitors from July 2017 against prices from November 2018.
|Monitor||2017 Price||Current Price||Discount|
|LG 34UM68 FreeSync||R8,499||R6,791||20%|
|Dell S2716DG G-Sync||R9,799||R8,499||13%|
|Acer XG270HU FreeSync||R9,654||R6,999||28%|