By Charles Mgbolu

A downward plunge in the prices of laptop that has been witnessed since the beginning of the year and which ran on for five months has eventually stopped.

Since January this year, prizes of laptops both in the mini and large categories had taken a surprising plunge with new statistics emerging everyday to call prize figures on the devices slashed at alarming rates.

By mid march, lap top devices that were once sold at about N150,000 had dropped to a startling N80,000. Mini laptops had cut from 90,000 to N60,000. It was just the beginning. By June, the figures had further plummeted, dropping to about N65,000 for standard sized laptops and 40-N45,000 for mini-laptops.

It was a prize war that keen market observers had applauded as this further nudged more and more Nigerians into owing their own personal computer systems. But then, since July this year, the free fall in these laptop prizes has seized.

The reasons for the prize hacks had not been explained in the first place so getting one for the sudden freeze could be totally impossible.

What observers know is that the last figures on the charts had appeared in it’s usual quick successions but then had not shifted again for two months.

It is however not a threatening sign. The IT market especially the mobile phone market persistently witness cut in prizes everyday which occurs as a result of newer products introduced into the market.

However, refurbished computers and laptops which have for years stood as a major and very formidable competition for brand new computers and laptops in the market is already fast disappearing from sales locations in the market.

These refurbished IT devices had clung on to market branding systems that wore extremely low price tags which had once been irresistible to many visitors to the market. Already, refurbished phones look to have been completely obliterated from the market.