Re: Cutting cost: Do we really need the latest smartphone?
Recently Google launched the latest Pixel 9 handset, while Apple unveiled the iPhone 16. Samsung has also come up with its foldable phones, the Z Flip6 and Z Fold6 and Huawei just launched the Mate XT. The marketing sections of these companies are doing everything possible to make us buy these phones even when we don't need them.
A close look at the latest versions of these phones shows that they have slight differences from the previous generation. The major difference is that these new phones have advanced AI features and improved camera quality. Poor economic conditions and awareness about the little upgrades in advanced models might have started contributing to the continuous decline in the sale of phones globally. This claim correlates with Counterpoint findings that “Consumers are holding on to their smartphones for longer periods because upgrades are offering limited differentiation in features.”
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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.
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Well I'm not against anyone who has the money and can afford to use the latest generation of their phone. But I think it's foolishness for someone to buy a phone on credit and you ain't really using it for business. These phone companies are just after their own money and they will do everything possible to bring out a new generation of phones on yearly basis. You are right actually, there are no major differences between the new generation and the old ones, if not for the camera quality and storage space. It all does the same thing yet the price of the new one will be hiked. I hardly change my phones, I use my phones for 3 to 4 year before thinking of getting a new one. With the way the economy is I don't fancy the idea of changing phones on a yearly basis. If everyone thinks the way I do, these phone companies won't be producing new generations of phone on yearly basis, It would taken them 3 to 5 years before thinking of producing a new generation.A close look at the latest versions of these phones shows that they have slight differences from the previous generation. The major difference is that these new phones have advanced AI features and improved camera quality. Poor economic conditions and awareness about the little upgrades in advanced models might have started contributing to the continuous decline in the sale of phones globally. This claim correlates with Counterpoint findings that “Consumers are holding on to their smartphones for longer periods because upgrades are offering limited differentiation in features.”
Source
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.
Reference