Will European Financial Recession Make Or Bust China Phone Industry?
The world is definitely struggling financially.
After 2010 it was discovered that Greece’s public debt was 120% larger than its GDP, causing incredibly hard financial measures. After 2011 Italy announced much the same position saying that it was 1.9 trillion Euros indebted.
The economy, and debt, of Italy was so large that it wasn’t easy to eject Italy from the Eurozone with no collapse of the Euro.
With Europe now in turmoil there are now signs that China’s slowdown might be faster than anybody want.
All this means more tougher times to the retail industry ahead, but why don’t you consider the electronics sector, specifically people who sell unlocked phones?
The outlook is surprisingly good.
Sales of unlocked phones have been dropping in developed markets for years. Most people had already bought their cheap phone and were either pleased with it or were looking to upgrade to an Android smart phone.
Developing markets were the true powerhouses behind the unlocked phone market with sales in Russia, Brazil, India and lots of countries in Eastern Europe surging ahead of the 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 in the sales of unlocked phones in the developed world in the near future as people need to replace their old phone but can not afford the data plan and outright tariff of a smartphone.
That doesn’t mean that there won’t be added challenges though.
Reports taken from India (a major market for Unlocked unlocked phones) advise that the market there is consolidating with smaller phone sellers (who simply re-badge OEM phones) being pushed out by larger brands who increase the value of their phones before selling them onto customers.
This is indicative of the types of changes the world will be under-going soon and so anybody selling OEM phones might attempt to add value to it, either by offering the phone with a larger Files, includingn music downloads or some other incentive too keep customers loyal and returning.
Is the unlocked phone market having problems? Early indications would appear to be no. But it would be wise to start looking at methods to add value to your items to you could make your customers feel like you are providing them with something a little bit more than the least.
Come to iSourceChina for the latest Qwerty phones online.
iPhone Basic Functions : How to Unlock the iPhone
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