It was a confusing week to be a consumer electronics reporter. At the start, I was convinced that no one wants to spend on anything besides an iPad and by the end, I learned that there are people out there buying $85,000 TVs.
On Tuesday, Best Buy’s shares tanked on disappointing earnings. Our headline shouted “tech shoppers turn thrifty,” and explained how nobody will buy a new flat-screen TV once they have bought their first one.
But if U.S. consumers won’t shell out for new flat screens, maybe they will buy high-end fans and heaters. That’s what James Dyson told me on Wednesday at the launch of the inventor’s latest gadget– a heater that costs $400, the Dyson Hot.
Dyson’s privately held UK-based company has 2,700 employees and saw its profit soar 26 percent this year, on the strengh of items like its cordless vacuum cleaner and swanky “air multiplier” fans that lack blades and cost much more than the competition.
Dyson told Reuters that Best Buy, his company’s largest distrubutor in the U.S., would probably rebound when spending comes back. “People will always want to buy technology,” he said.