Newer TVs Come With New Features and Seemingly More Problems
Adding to a growing trend, Panasonic is the latest manufacturer of flat-screen televisions to report a significant financial loss. Joining other popular brands including Sharp and Sony, Panasonic has announced an annual net loss of $10.2 billion.
These losses come amid a growing number of consumers that are becoming increasingly unsatisfied with the overall quality and performance of flat-screen TVs in general. Most notably, consumers are complaining that modern flat-screen sets simply don't last as long as older tube sets.
While tube sets could last for 20 years or longer, consumers are now having to make repairs to their flat-screen sets far sooner. Many have had to make these costly repairs after only a few years, or even less, and most often after the manufacturer's warranty has expired.
An even bigger headache for consumers—cost. Flat-screen TV's can be extremely expensive compared to their older tube counterparts. In many cases consumers are reporting that buying a new TV is cheaper than repairing the one they currently have, though many are reluctant to spend another $1,000 to $2,000 on a TV that could require another expensive repair in just a few years.
Your best bet? Do your research and know what you're buying before you buy it. How long is the warranty? What is covered? What are other consumers saying about the TV you are thinking of purchasing? Getting answers to all of these questions will help to ensure that you are getting a quality product that will last, and not cost you more money in the long run.
NCCC general recommends against extended warranties. Yet you may choose to make the investment if your new picture tube can leave you with one hefty repair bill.