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Consumers now have access to advanced technology at lower prices, making high-end smartphones more affordable than ever.
However, its unlikely such a trend will last.
Televisions
Television prices have dramatically decreased, allowing consumers to purchase a 32-inch TV for under $100.
Improved supply chains and rising inventory levels have made reliable transportation more affordable for consumers.
However, some experts warn that this trend of declining prices may not last much longer.
Increased production, technological improvements and heightened competition have made smart home automation more affordable.
Consumers can now integrate voice-activated lighting, security and entertainment into their homes at reduced costs.
Sporting Goods
The price of sporting goods has declined, makingfitness and recreational equipment more affordable.
Increased market competition, supply chain improvements and shifts in consumer demand have contributed to these reductions.
Prepaid options and family or multi-line discounts have also helped lower the overall cost for consumers.
Government incentives and increased competition among automakers like Tesla, Nissan and Chevrolet have made EVs more accessible.
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