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Don't buy a new TV quite yet. Here's why you should wait

The best time to buy a new TV is right around the corner. Here's when to look out for the best savings.

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Missed out on a TV sale? Relax, another one is coming soon.

Geoffrey Morrison/CNET

Thinking about buying a new TV? Whether you're looking for a new big screen with 4K resolution to watch the game or a small TV for your spare bedroom it's good to know when the best deals are coming so you can get more for your money. And even though most people wait until Black Friday or Cyber Monday, that may not be a good idea this year.  

Pandemic-related manufacturing disruptions have caused across-the-board price hikes on popular electronics like soundbars and shortages on one of the most popular gaming systems. It's likely that retailers won't mark hundreds off TV prices this year, and manufacturers may even try to counter these price increases with Black Friday discounts steep enough to render the price hikes negligible.

Here's the pattern: New TVs are usually announced at CES in January. Current model year TVs start shipping in the spring and summer, and that's when they're at their most expensive. We'll share when to shop for the best TVs and what you should keep in mind as the holiday season and biggest discounts inch closer. This story was recently updated. 

When is the best time to buy a TV?

The biggest single days for TV sales are, of course, Black Friday and Cyber Monday. There are always some incredibly cheap 4K TVs on offer. But that's not the whole story.

First of all, the TVs that get the biggest discounts are usually either no-name brands, or low-end models from name brands. They're fine if you just want a cheap TV, but they're not going to offer the picture quality of an even slightly higher-end model. The best TVs go on sale as well, but deep discounts on those are less common. 

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TV sales happen all year, but Black Friday season sees the biggest discounts.

Roberto Machado Noa/Getty Images

Second, massive discounts on TVs are rare in general. It might be counterintuitive, but TVs typically don't have much mark-up. There isn't a lot of profit in a $500 TV. So unless the store is trying to clear out stock, you shouldn't expect a gigantic drop in price even during sales. Plenty of good discounts are available, they're just not going to be "50% off" or similar, unless there's a specific reason that model is getting such an extreme discount. Or it's a doorbuster in limited quantities.

Third, most big companies don't allow stores to offer their own pricing. This is called UPP, or unilateral pricing policy. It means that a TV from that company is going to cost the same, whether it's on Amazon, in Best Buy, or anywhere else. Well, anywhere else that wants to continue selling TVs from that company.

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Most TV pricing is set by the manufacturer so it stays the same from store to store.

Sarah Tew/CNET

If this sounds sketchy, it is, but that's a topic for a different article. The result is there's usually no point in worrying if one store is going to have a sale. In most cases, either every store has a sale on that TV, or none do. Now, that TV might go on sale (everywhere) next week. Some stores offer price protection in case this happens. Some credit cards do as well. Amazon, it's worth noting, does not offer price protection.

Are you happy with your TV?

Forget all the new tech. If your TV works and you're happy with it, keep it. Don't feel any pressure to upgrade. 

Modern TVs are, on average, brighter and have better picture quality than the TVs from a few years ago. Unless you're the type of videophile who wants to tweak every setting and fixates on nits and color accuracy, however, you probably don't need a new TV.

The pressure to upgrade is pervasive in our tech culture, but TVs tend to last longer, and be perfectly functional longer, than most devices. They don't, for example, have batteries that lose capacity like mobile phones, or have wires that wear out like headphones. A TV from five or even 10 years ago likely works fine, though it might not look as good as the current 4K HDR TVs. So again, if that's not a huge deal for you, you can likely keep what you have for a few more years. 

Read more: Best TVs for PS5 and Xbox Series X, Series S

This is even true when considering new consoles, the PlayStation 5 and Xbox Series X. If you've got a PS4, Xbox One or any console connected via HDMI, the new consoles should work fine. They might look better on a new TV, but they'll still look great on yours.

If your TV is having issues, or you just want something larger, that's a different story. New TVs are much cheaper per inch than TVs of the past. You'll be able to replace your current TV with something the same size, looks better and is cheaper than your old TV. Or you can pay the same amount as your old TV and get something that's far bigger.

What about next year's TV tech?

To put it succinctly, there's always something new around the corner. If this is your worry, it should give you peace of mind that even if something new hits the market next year, it's going to be very expensive. 

For example, MicroLED looks very promising, but you could buy a Porsche or two for the price of one MicroLED TV. It will be years before that's mainstream tech.

Mini-LED, on the other hand, is available now. It's a technology that promises close-to-OLED picture quality for less money. It's likely we'll see more brands with mini-LED in the future. 

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On the left, the image as you'd see it on a mini-LED TV. On the right, an illustration of the mini-LED array on the back of the TV. With that many LEDs, the backlight has a greater "resolution," so there can be finer distinctions between light and dark. The ideal, like OLED and microLED, would be per-pixel illumination, but mini-LED is a step closer to that without the cost of the other two technologies. 

Geoffrey Morrison/CNET

Also rolling out across the country is NextGen TV, aka ATSC 3.0. This is free over-the-air 4K TV, and it's moving forward quite quickly -- it might already be available in your city. There are even some models with tuners built in that are available now. Don't feel you need to rush to upgrade, or get those specific models, since in the worst case you'll be able to buy a cheap external tuner and connect that to your TV.

There's also HDMI 2.1. While 2.1 has several new technologies that are great, it's not going to make any current TVs obsolete (unless it's a current 8K TV, but that's yet another story). As long as your current TV works with your current sources, you should be fine. 

Really old TVs, older than 10 years, might have issues connecting to modern streaming and disc sources, but there's no real workaround for that. If your TV doesn't work with a new Roku or Blu-ray player, then you might need to upgrade if you want to use one of those.

All in all, is it worth upgrading your TV?

Here's the short version:

Get a new TV now if:

  • Your current TV is having issues, or is too old to connect to a streaming service like Netflix.
  • You're willing to buy from a place that has a price-match policy, in case there's a sale.
  • You want something bigger than what you have now.

Don't get a TV now if:

  • Your current TV works fine.
  • There's literally anything else you need or want to spend money on.

If you've got the itch for something new, but you're still on the fence, consider giving your TV a bit of a makeover. If you've never adjusted the settings, it's easy to do and will probably make your TV look better than it ever has. That might tide you over for a bit.

And if you finally decide that, yes, you're ready to buy a new TV now, we at CNET do have some guidelines and suggested 2021 models.


As well as covering TV and other display tech, Geoff Morrison does photo tours of cool museums and locations around the world, including nuclear submarinesmassive aircraft carriersmedieval castlesairplane graveyards and more. 

You can follow his exploits on Instagram and his travel video series on YouTube. He also wrote a bestselling sci-fi novel about city-size submarines, along with a sequel.