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Will the Mobile Industry Peak? And then What?

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Mobile phones and devices are going to reach a peak that will make them less of a novelty item. If you think in this highly mobile world that it won’t happen, think about it some more. When was the last time you upgraded your phone or laptop? Perhaps you haven’t done so in quite some time and definitely not as promptly as you would have in the past.

The industry is tricky, and it is predicted that there will be a peak in the mobile industry, and it is just a matter of time. Several factors are going to come into play before the peak of the mobile industry, and these things include things like:

  •         Lengthening the replacement cycles
  •         The increase in massive market penetration
  •         Political and economic uncertainty
  •         Consumer frustration around the ever-rising price points

In 2018, the decline in mobile sales had been noted. The mobile industry saw five consecutive quarters of declining sales, making it the worst year yet for the mobile industry. Even Apple and their ever-popular iPhones and Mac’s were synonymous with other mobile devices in sales.

When will the mobile industry peak?

Looking at the various aspects that go into the mobile industry, it is essential to look at what market trends are telling us.

Lengthening of Replacement Cycles

As you may have noticed, as mobile devices and smartphones become more advanced, the features they can contain are reaching a peak.  Once devices are capable of accepting payments or doing complex computations, there is little else you can expect. There was once a time when you would replace your smartphone or laptop yearly, even those on contracts would upgrade before the end of a contract cycle. People are thinking twice if they should buy a Chromebook or a laptop.

The various features that have come with more advanced smartphones and laptops have led consumers to realize that one device is very much like the next, and upgrading is unnecessary as their mobile device already does more than they need it too. Therefore, the replacement cycles are going significantly longer than a year, even two years or more are passing between upgrades because it is no longer necessary.

Increase in Large Market Penetration

Let’s face it, and there isn’t a single market large or small that isn’t penetrated by the mobile industry. Therefore, with the advancement of market penetration comes the universal expectation of the mobile industry that can only go so far.

Once everyone’s market has been penetrated, and each individual is mobile equipped, where does the industry go next? Markets are being penetrated at an alarming rate. This rate will hasten the peak of the mobile industry, and a decline will begin.

Political and Economic Uncertainty

It is no secret that there are political uncertainties around the world. The political impact on the mobile industry is more centered on the economic impact political decisions have on the industry. With more and more political uncertainty, there is less faith in the economy as well.

The mobile industry is centered on economics. If the economy starts to decline, so will the mobile industry. Therefore, the political and economic uncertainties of current and future situations are going to help shape the mobile industry either at peak or as it declines.

Consumer Frustration at Ever-Rising Price Points

The advancement of the mobile industry has led to an exponential increase in the cost of current mobile devices. Consumers are starting to question what they need versus what is being offered as mobile price points continue to rise.

Some mobile devices that were once sitting around $300 have become more advanced with more features that many are not more expensive than a desktop or high-end device. As the price point continues to rise, the frustration of the consumer becomes more apparent, and thus sales will decrease, and the replacement cycles will lengthen considerably.

What Will Happen to the Mobile Industry?

Once the mobile industry has peaked, there will be a decline in sales so significantly that mobile device empires will reach a level of uncertainty. There really is only so much that the mobile industry can do to keep consumer interest. Plus, some things are entirely out of the hands of the industry experts.

The main thing that will happen is there will be a plateau in the mobile industry. Until new and more advanced tech can be discovered beyond current capabilities, there will be a standstill in the industry as people await something worth rushing to the market for.

Conclusion

Ultimately, the mobile industry has basically reached the peak of its current potential. Until political and economic factors catch up to the advancement in the mobile industry and the rest of the business world follows, there is little else that can be done.

There is little doubt that the mobile industry will survive a peak and a slight decline, but there is the question of when it will rise again. The mobile industry is necessary, it is integrated into your everyday life, and thus, it will not go away anytime soon. It is just a matter of finding the advancement that will lead consumers to flock once more. 

 

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WATCH: Mercy Aseidu cuts sod for ICT Project in Kunsu

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Mercy Aseidu Cut sod for Kunsu ICT Project

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Renault Ghana, Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

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Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Premium Motors Limited, the authorized distributors of Renault vehicles in Ghana, has sponsored the celebration of this year’s Asafotufiami Festival by the people of the Ada Traditional Area. The sponsorship forms part of Premium Motor’s commitments aimed at celebrating the promotion of Ghanaian culture and heritage.

 Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Speaking at a grand durbar to celebrate the festival, the General Manager of Renault Ghana, Lilian Augusto, reaffirmed her company’s commitment to the country. She said “Ghana’s deep and rich cultural heritage and festivals such as the Asafotufiami present us with a unique opportunity to preserve and celebrate the rich Ghanaian culture. We are happy to have celebrated alongside the Chiefs and people of Ada this year. Ghana remains a key Renault market and we will continue to play our part in projecting Ghana and supporting development across the country.”

 Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

In his remarks, Marketing Manager of Renault Ghana, Christopher Attipoe, said it is a part of the company’s purpose to positively influence the communities in which they operate. According to him “As a company, we are committed to the societies and communities in which we operate and it is part of our objectives to positively influence, grow and promote Ghana’s rich and indigenous culture.”

Read Also: Sangu Delle Foundation honours Nana Dufie Addo, former COO of GIPC, with leadership award in job creation in Africa

 Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Celebrated by the people of Ada, the Asafotufiami festival aims to remind the Ada people of the great wars they survived and to honor their soldiers, ancestors and former chiefs, all of whom contributed to the successful establishment and survival of the Ada kingdom. This year’s festival, which is the first to be held after the lifting of the ban on large public gatherings, was held under the theme ‘Uniting the Ada State in Peace and Harnessing our Individual Potentials through our Cultural Heritage and Usage of our Natural Resources”.

 

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival7 Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival4

 Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

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Sangu Delle Foundation honours Nana Dufie Addo, former COO of GIPC, with leadership award in job creation in Africa

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Sangu Delle Foundation honors Ms. Nana Dufie Addo, former COO of GIPC, with leadership award in job creation in Africa

The Sangu Delle Foundation (SDF) presented the former Chief Operating Officer of the Ghana Investment Promotion Centre (GIPC) with a Leadership Award in Job Creation during its inaugural fundraising gala held at Kempinski Hotel in Accra on July 31, 2022. (more…)

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Growth hormone-releasing peptides (GHRH) like the Sermorelin-Ipamorelin combination stimulate the pituitary gland to produce more growth hormones. (more…)

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