http://money.cnn.com/2014/03/05/technology/mobile/walmart-iphone-price-cut/index.html?iid=obinsite
Written by James O'Toole on March 5, 2014
Wall-Mart started slashing prices on smart-phones last month. They cutting the prices on Samsung Galaxy S4 and for Apple's 16-gig iPhone 5s and 5c, for costumers signing two-year contracts with AT&T and Verizon. Almost all contracts are down in their prices and new phone devices are also being released soon!!! These sales show that the smartphone market is reaching saturation. It is becoming harder and harder for new products to create the success they had previously. According to Asymco Industry analyst Horace Dediu, the adoption of smart phones will taper off in late 2015.
The article is very relevant to what we have been learning in class and to the economy at its current point. It shows how more people are starting to veer off from the cell-phone track and that they are becoming more cheap. Sales are increasing consumer buying and it's very productive for the consumers and producers. However, it has become harder and harder for them to enter into market as products are not having the same about as success as before. Overall, this post shows how the economy is improving things mostly for the consumers as they are shorting prices and making things cheaper; however, companies are finding it harder and harder to make a better success.
Very interesting! It would seem that the novelty of the smartphone has started to wear thin. However, I think that people will continue to want to upgrade their smartphone, so the focus for producers will have to be on developing new technologies that will attract consumers
ReplyDeleteIndeed old sport this is quite fascinating! I think it is a great idea for them to cut the prices but yes Meredith people are continuously upgrading their phones! The phone business is quite difficult because the only phones that we can easily find is these expensive smart phones! I do agree this will improve the economy though. Keep up the good work!
ReplyDeleteThanks Obama...
ReplyDelete