Comment on Americans are holding onto devices longer than ever and it's costing the economy
gerryflap@feddit.nl 1 day ago
The person who wrote this must be absolutely insane. How I’d it a bad thing for the world that people are holding on to their devices? Less e-waste and people don’t spend impulsively. It’s also very logical: smartphones reached a plateau and people aren’t exactly swimming in money with the rising price of everything.
HobbitFoot@thelemmy.club 1 day ago
The person is writing from a business prospective. If people are replacing their phones less often, it means that fewer phones are being purchased each year. If your company makes phones, that means adjusting to a shrinking market no matter what your company does.
t3rmit3@beehaw.org 19 hours ago
Which is good. Markets are supposed to go up and down, and responsible businesses would have the capital reserved to weather the troughs, but no companies are responsible anymore, and they waste any capital reserves on appeasing short-term shareholders who don’t give a rat’s ass about the long-term prospects of the company.