Onn TVs have gained popularity in recent years due to their affordability. These budget-friendly TVs are often sold at Walmart stores and have attracted the attention of many consumers looking for an affordable alternative to other well-known brands.
But why are Onn TVs so cheap? Let’s have a look on the reasons.
1) Owned By Walmart
It’s important to note that Onn is a brand owned by Walmart. By creating their own brand, Walmart can cut costs on marketing, distribution, and other expenses that would typically drive up the price of a product. This is a common strategy among many retailers looking to increase profits and offer more affordable products to customers.
2) Use Of Non-Expensive Components
Another reason for the low price of Onn TVs is the use of cheaper components. For example, Onn TVs may use less expensive processors or lower quality display panels compared to other well-known brands. While this may result in slightly lower picture quality or processing speed, it allows the company to keep the overall cost of the TV down.
3) Limited Features
Onn also saves on costs by limiting the features available on their TVs. For example, Onn TVs may not have the same number of HDMI inputs or USB ports as other brands, or they may lack certain features such as voice control or advanced picture settings. By limiting the number of features, Onn can keep production costs low and offer a more affordable product.
4) Cutting In Design Costs
Furthermore, Onn may also save money on design costs. Instead of creating unique TV designs, Onn may use a generic design that is used across multiple brands and products. This can also help reduce the overall cost of the TV.
5) Economies Of Scale
In addition to these factors, Onn TVs may also benefit from economies of scale. Walmart is one of the largest retailers in the world, which means they can leverage their size to negotiate lower prices from suppliers. By purchasing components in bulk, Walmart can pass on the cost savings to consumers and offer more affordable products.
In conclusion, the low price of Onn TVs can be attributed to a combination of factors. By leveraging their size and cutting costs on components, design, and features, Walmart can offer a more affordable product to consumers.
Despite their low cost, Onn TVs still offer many of the features and functionalities that consumers expect from a modern television.
Additionally, the overall trend of decreasing television prices has likely contributed to the affordability of Onn TVs. While they may not have all the features of more expensive brands, Onn TVs provide a solid viewing experience at a price point that is accessible to many consumers.