Comment on Americans are holding onto devices longer than ever and it's costing the economy
HobbitFoot@thelemmy.club 1 day agoThe 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.