Market Analysis on Smartphone Industry

Odds are, that in your pocket right now, is one of the single most advanced pieces of technology. But how did it get there? Your smartphone is the culmination of a movement that started more than fifty years ago. Although, technology as a whole has grown more in the past fifty years than in the past two thousand years. It all started with the creation of the personal computer. The first desktop computer to be mass produced and sold nationwide was the MITS Altair 8800 in 1975. However, interest in computers was very high before that point in time. In fact, several technology companies and industries already took shape before that point. These desktop computers, as well as mega computers marked the beginning of an era. This era is one that

In the most recent market analysis from the NPD Group, iOS has assumed control of 43 percent of smartphone sales. The analysis further shows the market for basic phones has dwindled and that the cell phone market is fast becoming a smartphone market. The demand for anything other than smartphones is evaporating. This push toward high-end smartphones is helping not only Apple, but also Google and Samsung, which are benefiting from the desire of consumers to carry these all-powerful ‘mini’ computers in their pockets. With the connectivity these smartphones present, users are never left ‘out of

Due to advances in technology, smartphone availability and use is far more widespread than in the past. According to a study done by Ericsson[1], Singapore

In essence, technology has increased in growth rapidly, to the point where computers aren’t just dominating households but also within our pockets. For 2016, the number of smartphone users is forecast to reach 2.1 billion. [1]

Mobile phones are no longer a communication device, but can be used for several other purposes including executing business operations. After internet banking, it has added another dimension to banking by enabling any kind of banking transactions like payments, balance inquiry and transfer of funds, just by using your mobile phone. Banking transactions over the mobile phone are usually performed either by sending a SMS to the bank or by using mobile internet. When you send a SMS requesting a financial

Smartphones offers diverse benefits which lead majority of population to invest in it. Smartphones are not only limited to youth but it has something to offer for a person of every age. However, smartphones capture a huge market in today’s world and they are being produced and sold solely by giant corporations. For example, there are smartphones only sold by Google which uses an Android operating system to interface with their users and respectively, Apple produces an iPhone which uses IOS operating system to interface with their users.

Nokia has been one of the brands that are in the last 20 years been synonymous with high-quality phones. Till 2007, Nokia had a market share of 80% in the smartphone market, and the main reason for losing ground during the “second coming of the smartphone age” was due to the weak position of Nokia in the “technological system” (or ecosystem).

Based on the growth rate of smartphones, the number of consumers that carried one was approximately 2 billion in 2016 and is expected to reach over 5 billion by 2025 (Götz, Stieger, & Reips, 2017). The smartphone has made life easy and efficient by having the capability to support a wide range of applications (Xia, Hsu, Liu, X., Liu, H., Ding, & Zhang, 2015). There are many free downloadable applications, as well as applications that may be purchased. A

In the twenty-first century, smartphones have already become an essential instrument in human life that even some debate whether which phone brand is superior: Apple or Samsung? Interestingly, before this argument even started between each of the companies devotee’s, little did the majority of the public knew that the first smartphone was invented in 1992 by IBM. At the time, it consisted of programs like an email service, calculator and even a touch screen. However the smartphone business remained idle after the tech company sold the phones for a costly price, which people could not afford at the time. It was not until 2007 when Steve Jobs revived the smartphone with the invention of the first iPhone. Since then, more companies began to produce phones that would equal Apple’s standards, and that would lead the world to one of the most intense rivalries of Apple and Samsung and their battle for authenticity. While Apple’s iPhone and Samsung’s Galaxy phones are two of the world’s most popular types of smartphones and have altered the way how people communicate, their features, reliability and price ranges set them apart from one another.

Mobile phones have become a staple of the modern era and can be witnessed in the hands of the young and the old alike. In first world countries, it is almost a need to obtain a mobile phone as they have become seemingly crucial in everyday life. Even in third world countries it is not a strange sight to see people with cellular phones. They fulfill a significant role in how we communicate, keep track of time, remember our schedule and, digest new information. Cell phones release a completely new spectrum of what people can do on a single, hand-held device. It has become effortless to obtain a cell phone but it can be challenging to notice what makes them different and understand how these differences influence the product. Apple and Android provide distinct benefits and drawbacks that can sway or deter a possible consumer. Apple relies on a more corporate approach that entails consistent performance and security. Android contrarily allows distribution in a multitude of third party developers which creates consumer flexibility and customization. These particular focuses allow Apple and Android to succeed in their own consumer specific, market objectives while also competing with one another in the mobile phone market.

Most of us use smartphones frequently in our everyday lives, be it to check the time, make phone calls, browse the internet, and much more. Smartphones have had a huge impact on our productivity, health and lifestyle. And it has evolved drastically over the past decade, bringing about several advantages and disadvantages with it.

Mobile phones are no longer just for making calls. They also function as Personal Digital Assistants, digital cameras, Internet consoles, and e-mail. As a result of this, the operating system used in phones has had to improve. This demand for better mobile Operating Systems has changed the nature of the marketplace. That marketplace is healthy, despite global economic problems, largely because smart-phone sales are increasing.

The Mobile Industry is a rapidly growing technology industry. It is continuously innovating and expanding each day, even as the world’s population increases. We have witnessed the

Albert Einstein once said, “It has become appallingly obvious that our technology has exceeded our humanity.” Indeed, in the world of ever-changing technology, the breathtaking evolution of cellular phones clearly exemplifies such technological advancement. Today, cellular phones have the capacity beyond making calls; they have evolved to portable, multitasking devices that a new name has been endowed to them – smartphones. Recently, many claim that Google’s new Nexus S is a serious challenger who is ready to dethrone the king of smartphone – Apple’s iPhone 4. But the iPhone 4’s better industrial design, hardware, and software make the Nexus S an inadequate competitor that lags in many aspects.

Payment solutions have changed drastically over time, going from bartering goods in ancient times, using gold and silver, paying with cash and coins, using credit cards, and now mobile devices. There are five main types of mobile payments: mobile at the point of sale, mobile as the point of sale, mobile payment platform, direct mobile billing, and closed loop mobile payments (1). However, this paper will focus on the three most familiar to college students and young adults.