If you are a smartphone users and who is not in today;s times? then it should be interesting to know that this $423 billion industry after a great decade is beginning to feel it’s blues. Consumers are no longer robotically upgrading their handsets. And this trend is putting at risk the fat margins and steady revenue growth long envied by the rest of the hardware sector.
This may sound like a good news for those who feel neglected by their smartphone addict loved ones. Signs of a sputtering market have been brewing for months, but it spilled into the open last week when Apple Inc. reported its first quarterly sales decline in 13 years. Happyho also provide best tarot reading services in Noida and Delhi NCR India area.
CEO Tim Cook acknowledged on April 26 that nine years after the iPhone’s game changing debut, the market had stopped growing. The next day, research firm Strategy Analytics reported a 3% drop in first-quarter smartphone shipments, the first decline ever.
With consumers upgrading smartphones less often and first-time buyers harder to find, handset makers seem doomed to endure the same years-long sales decline as PC manufacturers. The industry has yet to identify and market the next big idea to take the place of smartphones, the way the iPhone and its ilk did when PCs fell from favour.
The industry is hard at work developing everything from robots, cars and virtual reality headsets to the grab bag of connected gadgets and software known as the ‘Internet of Things’. Yet it may be years before many of these technologies enter the mainstream. Before that happens, the industry could be in for some lean years.
