In a world where technology evolves at a breakneck pace, the allure of the latest gadgets is undeniable. But have you ever stopped to think about what drives this constant urge to upgrade? Let’s dive into the psychology behind this trend and discover the factors that influence our decisions to swap old tech for new.
The Indian economy is a buyer’s economy if we look at the growth in the number of smartphones manufacturer in the last 5 years in the country we would know why it is called a buyers economy. The growth of mobile phone manufacturers in India from 2 units in 2014 to 268 units in 2019. 53% of the new phones are being added in tier 2 and tier 3 cities.
This figure also highlights the hidden fact that also 18% higher numbers of phones are today being discarded and adding up to the e-waste. As environmental concerns today alarm everyone, we cannot ignore the fact that platforms that provide an easy and safe way to resale or recycle your old mobile phones will become more and more crucial to manage the environment friendly sustainability of the smartphone revolution.
I hate surfing social media. Are you allowed to say this sentence or you are called a psychologically unstable if you say this sentence? Will people see this as a confession and compare you with the people who don’t understand the reality of revolution and claim the earth to be flat. Still, I hate social media.
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