Smartphones have revolutionized the manner in which we live our lives. From business to pleasure, smartphones have become an integral part of our lives and shape the way that we go about everyday tasks.
This revolution has been huge business and has seen many different iterations and companies in competition. The iPhone, which is commonly regarded as king, has seen the most success both from sales and a stock perspective.
However, this industry looks to be changing. Just this week it has been revealed that the iPhone sales have not increased. As a result, their stock has taken quite a beating.
Speculation is that the market has become completely saturated when it comes to smart devices. You would be hard pressed to find anyone that doesn’t own a smart phone of some make or model. Perhaps this or the competition finding their niches that has caused the sales to flatten out.
Don’t think however that they are not selling smart phones anymore. Last quarter alone, over 300 million smart phones were sold but it was not a substantial increase over the previous period.
This raises the question as to the next piece of technology that will give rise to a technological revolution. Perhaps in the same vein, the next industry will be smart home automation.