Will European Economic Recession Improve Or Hurt QWERTY Mobile Phone Market?
The world is definitely struggling financially.
At the conclusion of 2010 it was discovered that Greece’s public debt was 120% larger than its GDP, producing incredibly hard financial measures. At the conclusion of 2011 Italy announced 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 possible to eject Italy from the Eurozone without the collapse of the Euro.
With Europe now in turmoil now there are signs that China’s slowdown might be faster than anybody would love.
All this means more tougher times for your retail industry ahead, but how about the electronics sector, especially people who sell QWERTY cell phones?
The outlook is surprisingly good.
Sales of QWERTY cell phones happen to be dropping in developed markets for many years. Most people had already bought their cheap phone and were either satisfied with it or were trying to upgrade to an Android smartphone.
Developing markets were the true powerhouses behind the QWERTY cell phone market with sales in Russia, Brazil, India and several countries in Eastern Europe surging in front of the UK, the US and countries in Western Europe.
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 inside sales of QWERTY cell phones inside developed world in the near future as people need to replace their old phone but cannot 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 cell 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 add value to their phones before selling them on to customers.
This is indicative of the sorts of changes the world will be under-going soon and so anybody selling OEM phones might consider adding value to it, either by supplying the phone with a larger SD card, includingn music downloads or some other incentive too keep customers loyal and returning.
Is the QWERTY cell phone market having problems? Early indications would appear being no. But it would still 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.
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