What Can Happen In Unlocked Phone Sector In Euro Financial Downturn?
The world is definitely struggling financially.
At the end of 2010 it was discovered that Greece’s public debt was 120% larger than its GDP, causing incredibly hard financial measures. At the end of 2011 Italy announced the same position saying that it was 1.9 trillion Euros indebted.
The economy, and debt, of Italy am large that it wasn’t easy to eject Italy from the Eurozone minus the collapse of the Euro.
With Europe now in turmoil nowadays there are signs that China’s slowdown could possibly be faster than anybody would love.
All this means more tougher times for the retail industry ahead, but what about the electronics sector, especially people who sell China phones?
The outlook is surprisingly good.
Sales of China phones are already dropping in developed markets for many years. Most people had already bought their cheap phone and were either pleased with it or were trying to upgrade to an Android smart phone.
Developing markets were the genuine powerhouses behind the China phone market with sales in Russia, Brazil, India and a lot of countries in Eastern Europe surging before UK, the US and countries in The european union.
The only exceptions to this were Italy and Greece where sales of sub 100 USD phones were especially strong.
Essentially it may mean that there is an upturn within the sales of China phones within the developed world in the near future as people need to replace their old phone but cannot afford the data plan and outright price of a smartphone.
That doesn’t mean there won’t be added challenges though.
Reports coming from India (a major market for Unlocked unlocked phones) suggest that the market there is consolidating with smaller phone sellers (who simply re-badge OEM phones) being pushed out by larger brands who add value to their phones before selling them to customers.
This is indicative of the sorts of changes the world will be going through soon and so anybody selling OEM phones might try to add value to it, either by offering the phone with a larger SD card, includingn music downloads or some other incentive too keep customers loyal and ever coming back.
Is the China phone market struggling? Early indications would appear to get no. But it would be wise to start looking at solutions to add value to your items to help make your customers feel like you are going for something a little bit more than the bare minimum.
Come to iSourceChina for the latest Qwerty phones online.
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