But I know some set of people who will always go for the new generation of phones. It is like a yearly ritual that they must buy the latest model of their phone. I have seen some go as far as buying these phones on credit because they don't have enough funds to pay. The most troubling part of it is that they are not using these phones for business or any productive activities.
It will not be a bad economic decision to reconsider and adjust our craving for these new products especially if they will not be beneficial financially.
ReferenceIndeed, it has become a trend nowadays, it feels incomplete if you don't change your phones, because every year there is definitely a new release, even though people force themselves to buy it, it's something I find hard to think about because they are captivated by the features of the latest cellphone, by doing various ways they want to have it.