Monthly Archives: May 2019
May 17, 2019
Buffeted by higher prices and a lack of new buyers, the global smartphone market will contract in 2019. BUT DON’T DESPAIR YET! It’s time to focus more on quality.
Many factors are contributing to theslowdown,starting with general marketsaturation of mobile computing devices.A slowing global economy, with rising trade tariffsalso hit demand. And a final key factormay be the rising price of phones,like Apple’s $1,000 iPhone XS or $1,500 iPhone XS Max,that are prompting owners to wait longer between upgrades.
Many markets have already hit a saturation point for new smartphone demand and are dependent on replacement demand. Buying a more expensive device results in extending the length of replacement cycles,