The more we hear about Living Social's meteoric rise, the more we think Groupon should have taken that Google buyout offer. In the process of acquiring a company called SocialMedia, Living Social disclosed some financial data to value the shares they were handing over in the deal. According to the disclosure, Living Social is valued at $2.9 billion, and sees $50 million in monthly revenue.
Tapping into its repository of "thousands upon thousands of tech deals" posted over the past couple of years, DealNews made some seemingly bold pricing predictions for 12 different electronic gadgets for 2011. Here are some of the more interesting ones:
Standalone Blu-ray player: $39
55-inch LCD HDTV: $599
DSLR Camera: $299
Nintendo Wii: $99
A large-screen 55-inch LCD TV for $599? That seems preposterous considering that the lowest price DealNews could find in 2009 was $1,115 for an LG 55-inch 120Hz LCD screen, and that doesn't include Fry's $110 shipping charge. But in 2010, Walmart at one point sold an Element 55-inch model for $699 with free shipping (it's now listed at $749). Perhaps the list isn't so far-fetched after all.
As to the $39 Blu-ray player, DealNews says "you'll probably see a lot of Blu-ray players bundled as extras with TVs, but you'll also see them as doorbusters and priced like crockpots." In case you're wondering, the lowest price they found in 2010 was $50, which bought a Samsung BD-C5500 from HP.
We're more skeptical of seeing Nintendo slash the price of its Wii console 33 percent from $150 (lowest in 2010) to $99. DealNews says to "expect more price drops as new models come out and competition drives down prices," but the Wii is already the least expensive out of the three modern consoles, with no Xbox 720 or PlayStation 4 in sight.
What are your tech predictions for 2011? Hit the jump and share!
A month after group buying site Groupon turned down a $6 billion takeover offer from internet giant Google, the latter confirmed plans of invading the online deals space in a statement sent to Mashable, which published a confidential fact sheet about a new service called Google Offers on late Thursday.
This is what the company said: “Google is communicating with small businesses to enlist their support and participation in a test of a pre-paid offers/vouchers program. This initiative is part of an ongoing effort at Google to make new products, such as the recent Offer Ads beta, that connect businesses with customers in new ways. We do not have more details to share at this time, but will keep you posted.”
True, Groupon is inured to seeing new clones everyday, but a rival with the size and reach of Google will pose a completely different challenge. Already a master of the online advertising game, Google is now focusing on local advertising. Looks like both the companies have a battle on their hands.
We can think of several things we'd rather do than go elbow-to-elbow with rabid shoppers on Black Friday, one of which involves bamboo and fingernails. We're not alone, either. According to a new survey by market research firm Compete, more bargain hunters are planning to do their shopping online on Cyber Monday (Monday following Thanksgiving) than in brick-and-mortar stores on Black Friday (day after Thanksgiving).
Some 45 percent of respondents said they'll click their way to savings on Cyber Monday, as opposed to 37 percent who will fight traffic, lack of sleep, and frenzied shoppers on Black Friday.
In terms of money spent, Black Friday still comes out on top with shoppers expected to spend $353 million. By comparison, Cyber Monday is 'only' expected to generate $233 million in sales. Huh? According to Compete, the discrepancy has to do with more people shopping high-end goods on Black Friday, particularly electronics, clothing, toys, and games.
Microsoft was undoubtedly hoping for better launch numbers for its Windows Phone 7 platform, but perhaps this will help. From now until Monday, November 15th, Amazon is selling all AT&T phones for a shiny copper Lincoln, or even a dull Lincoln so long as it's worth 1 cent. And yes, this weekend deal includes the new Windows Phone 7 devices.
Naturally you're going to need to commit to a two-year service contract, and in exchange you can snag an HTC Surround or LG Quantum Windows Phone 7 device for a penny. In other words, they're essentially free. The caveat? Other than the service agreement, these have to be accompanied with a new line of service.
As of this writing, the LG Quantum is backordered (expected to ship in 1-2 weeks), though the HTC Surround is in-stock. Not a bad deal provided either of these phones floats your boat and you're willing to stick it out with AT&T. To read our take on the Windows Phone 7 platform, see here.
Upon further digging, we found several devices across all major carriers listed for a penny, so if AT&T and/or Windows Phone 7 don't excite you, you may still find a phone/carrier that does. If you pounce on any of these, be to sure to hit the jump and brag about it!
Right now, Left 4 Dead 2 is cheaper than its own strategy guide. Yeah.
In honor of its brand new free DLC campaign – which brings back the original Left 4 Dead cast for a bit more zombie slaughter and a whole lot more one-character-of-your-choice-dying-permanently – Valve’s slashed the prices of both Left 4 Dead 1 and 2 to a mere $6.79 a piece. We don’t know what you did to piss Valve off, every zombie ever, but from where we’re looking, it seems they’ve signed your death warrant. Or re-death warrant. Whatever.
So basically, if you’ve yet to give either Left 4 Dead a try, there’s no better time than now. Free DLC, nearly free games, and more zombies than you can shake a green, disembodied hand at; there are “deals” – like the kind you see on the Home Shopping Network – and then there are real deals. And then there’s the kind where you get to shoot things. Can you guess which one this is?
Doom and gloom in the computer industry is usually a troubling sign for the economy as a whole, but if you’re on the market for new hardware this fall it could translate into some pretty big savings for you! According to the Associated Press Intel has lowered its third quarter forecast in response to weaker than expect chip sales, a key indicator for the rest of the PC industry. This was further re-enforced with shaky forecasts from both Hewlett-Packard and Dell who claim the back to school buying season is off to an abnormally slow start.
Falling component prices and continually rising stockpiles of computer hardware are combining to create a buyers’ market in the coming months, but let’s just hope it isn’t a prelude to another full blown recession. Intel is still forecasting revenues of anywhere from $10.8 billion to $11.2 billion mind you, so it can’t be all that bad.
Online retail giant Amazon has today announced that they have acquired the Woot family of sites. No specifics on how much Amazon paid for the site were released. Statements from the Woot staff indicate that the site will continue to operate much as it always has and will be an autonomous subsidiary of Amazon.
The arrangement is likely to be similar to that of Audible or Zappos which have changed little since being acquired by Amazon. Woot CEO Matt Rutledge said of the deal, " From a practical point of view, it will be as if we are simply adding one person to the organizational hierarchy, except that one person will just happen to be a billion-dollar company that could buy and sell each and every one of you like you were office furniture." Did we mention we love Woot's sense of humor?
Jeff Bezos is building himself quite the little empire. But rest assured fellow geeks, we have every reason to think you will still be able to try (and fail) to snag a Bag of Crap in the next Woot-Off.
Is the summer videogame drought getting you down? Well, you know what always makes us feel better for about five minutes and then tremendously worse seconds afterward? Spending money. Lots of money. Fortunately, Steam’s price-slashing “Perils of Summer” sale has you covered on both fronts. After it leaves town on July 4, you’ll probably have plenty of games and little-to-no money.
As with previous seasonal Steam sales, Perils of Summer rolls out a new set of featured deals every day in addition to basically handing you a glass cutter and telling you the structural weak points of a treasure trove of gigantic game bundles. The deals, as per usual, are fantastic. Trine for $4.00, every Overlord game ever for $4.50, and BioShock 2 for $14.99 are just a few of today’s best deals. And don’t even get us started on the bundles. If we have to look at them again, we’ll probably just go ahead and write Valve a check that says “all our money” on it.
Nine more days of this will have our piggy banks squealing for mercy. These things add up over time, you see, and while our resolve to resist temptation is strong now, our armor can only hold up under constant fire for so long. Sharks, drowning, and mild sunburns nothing. This sale is the real peril of summer, and we’re pretty sure Valve is fully aware of that.
Second verse, same as the first! It's Cyber-Monday, that retailer-coined holiday term that's supposed to be a continuation of Black Friday deals mainly offered via online purchases. It remains to be seen whether this day is actually a "prime" shopping day or not, as not nearly as many retailers are offering as good of a discount as what you might have seen this past Friday (or weekend, for that matter).
Suffice, Cyber-Monday is here, and we've rounded up a list of items that might catch your fancy if you're into that whole "I like to buy goods and services when they cost less than their original price" sort of thing. Without further ado, click the jump and get ready to spend!