Smartphones Mature

“Samsung Electronics recorded its highest ever profits last quarter, but three months on things aren’t looking so great. The company issued guidance today warning that revenue and profits for the three months ending December 31st 2018 will be sharply down year-on-year. Samsung expects sales of about 59 trillion won (about $52.5 billion), down 11 percent from 12 months prior, while operating profit is set to drop 29 percent to about 10.8 trillion won (about $9.6 billion).”
 
See Samsung warns of sharp sales and profit decline
It had to happen sooner or later. Now that almost everyone and their dogs have smartphones, the novelty has worn off. One should not have to pay an arm and a leg for something that is “state of the art”/old fashioned/old. Since decent smartphones can be purchased for ~$100 and often “thrown in” by service providers, only fools with too much money will spend ~$1000 for a new phone they don’t really need. Gone is brand loyalty or desperation to remain current.

My own smartphone which was nearly obsolete when I bought it and lacks endurance and storage is still good enough to browse the web during commercials, take some pictures or navigate my neighbourhood. As long as it keeps working I won’t be tempted to buy another. No need. Better things to do with my money, like buying parts to repair my ancient snowblower…

About Robert Pogson

I am a retired teacher in Canada. I taught in the subject areas where I have worked for almost forty years: maths, physics, chemistry and computers. I love hunting, fishing, picking berries and mushrooms, too.
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