The mobile phone industry is booming ... and booming big time. Being led by technology, we are seeing more and more innovations happening in this industry. This has led to a sort of convergance of functions. A mobile phone is no longer a mere communication tool. It clicks photographs, it stores music & videos, it stores data, it has net access, it helps organise time, it has games and so on and so forth...
With so many functions packed into one tool, many industries seem to be under threat. Take the alarm clock infustry, for example. It is declining rapidly. Who wants an alarm clock by the bed anymore, mobile suffices.
Other vulnerable sectors are suddenly waking up to the need of recreating themselves in order to remain relevant.
One interesting industry to watch out for is the wrist watch industry. We all know that wrist watches have stood for something more than a mere time-telling device. It stood for your personality, your status and so on. It was an accessory, a fashion statement ... but fashion changes...
I feel wrist watches are under threat. Naturally, this does not apply to the Rolexes of the world... they are a class. But what about the other fashion brands? Who wants a strap around their wrist to tell time or express themselves? The mobile does both. But it is still debatable. Any opinions?
With so many functions packed into one tool, many industries seem to be under threat. Take the alarm clock infustry, for example. It is declining rapidly. Who wants an alarm clock by the bed anymore, mobile suffices.
Other vulnerable sectors are suddenly waking up to the need of recreating themselves in order to remain relevant.
One interesting industry to watch out for is the wrist watch industry. We all know that wrist watches have stood for something more than a mere time-telling device. It stood for your personality, your status and so on. It was an accessory, a fashion statement ... but fashion changes...
I feel wrist watches are under threat. Naturally, this does not apply to the Rolexes of the world... they are a class. But what about the other fashion brands? Who wants a strap around their wrist to tell time or express themselves? The mobile does both. But it is still debatable. Any opinions?
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