Buying electronics? Be prepared to pay more. - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Buying electronics? Be prepared to pay more.

Kristen Guilfoos
NewsChannel 10

Amarillo, Texas - If you plan on buying a new TV, iPhone or computer anytime soon, be prepared to pay more for it.

International business experts expect prices to go up between 10 and 15%... Due simply to supply and demand. The earthquake and tsunami have cut off the supply chain for most Japanese companies... The same companies that make parts for many of our favorite high-tech gadgets.

WT International Business and Marketing Professor Syed Tariq Anwar says, "Flash memory. Japan is 40% market share holder in global market, what you use in iPad, iPhone, every kind of smart phone, every kind of PDA. So consumers will see prices going up." 

Plus, that technology you just have to have may not be there when you want it... Shortages are expected for at least the next couple of months, if not longer.

Japan's technology industry isn't expected to be back to normal until 2014 or 2015.

Restoring the country, and production, back to normal is expected to cost upwards of $200-billion.

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