Tag: smartphone technology

The latest mobile technology isn’t enchanting all consumers

Some people feel that older smartphones offer them everything they need and are holding off upgrades.

The mobile technology industry’s smartphone segment is watching its sales slowing and it has been trying very hard to help to make sure consumers burn through their present devices as fast as they can so they will replace them with something new.

However, there is a chunk of the consumer market that isn’t interested in all the latest bells and whistles.

Despite the fact that carrying older forms of mobile technology, such as smartphones that are older than a couple of years or so, there is a sizeable group of consumers who aren’t taken in by all the efforts the smartphone industry is making to try to push them to drop their old tech in favor of larger screens, touchscreens without physical keyboards, or even non-flip phone designs. There are many different reasons that people are choosing to hang on to their older devices instead of upgrading – even when their mobile providers try to woo them with great upgrade deals in order to stick around with them for another year or two.

Many people find that they reach the point that they know and love the mobile technology they have.

Mobile Technology not impressing consumersThese individuals find that their devices perform all the tasks they need to complete and it stops them from handing even more of their lives over to a device they must carry around all the time.

The truth of the matter is that over 90 percent of smartphone owners change models within every span of two years. This, according to Ramon Llamas of IDC mobile phone trend tracking research firm. That said, there is a small but meaningful percentage of the population that is hanging onto their phones for three, four years or more.

While some people don’t want their devices to be as large as today’s typical offerings, others say that they aren’t actually all that impressed with the features currently being offered and they don’t see any reason to sign on to a new contract or hand over hundreds of dollars when their current mobile devices are still working.

Eventually, all mobile technology does need to be replaced in order to keep up with current standards, but it will be interesting to watch the replacement rates over years to come, and to see if people continue to want the latest or if they begin to hang on to what they already have as the novelty of novelty wears off.

LG Electronics to double mobile devices with 15 in 2016

This is a direct reflection of the company’s expansion in the massive Indian smartphone marketplace.

LG Electronics India has now announced its intentions to double the number of mobile devices it will have to offer in 2016, as it plans to launch about 15 different smartphones across a range of different price points.

The new mobile phone offerings are meant to boost its overall revenue through mobile sales sources.

At the moment, LG Electronics brings in about 7 to 8 percent of its overall revenue through the sale of mobile devices in India. It currently sells about 13 models of cell phones in the country. That said, the sales that it has seen have been considered to be disappointing and the company is hoping to change that situation dramatically.

According to Ki Wan Kim, the managing director of LG Electronics India, “This year, performance of our mobile business has been disappointing. We will launch around 15 mobile models next year. In three years time, my target is to make all our product categories to contribute equally in percentage terms to our total sales… bring mobile sales to similar level of consumer durables.”Mobile Devices - LG India

There are four main areas of mobile devices, including smartphones, that are the main focus of LG India.

Those four categories are currently mobile gadgets, home appliances, home entertainment, and air conditioners. While the company does plan to boost its sales within the country, it doesn’t have any intention to begin manufacturing in the market.

They had previously manufactured in India, but they have ceased that operation and haven’t any current intentions to return to the activity. Should the company consider returning to manufacturing in India, it will require sales to justify the decision. Ki Wan Kim stated that “Our future sales forecast should be stable to keep our factories operational.”

Among the main areas of focus for the sale of mobile devices in the country will be smartphones. This market has been seen as a massive opportunity by many handset makers due to the expansion of the demand for the technology and the relatively low penetration, so far, when compared to other markets.