Whether you like it or not, there are a lot of smartphones out there. Like, a lot of smartphones. Fun fact: the number of smartphone users worldwide is supposed to hit the 5 billion mark by 2019. That’s almost 3/4th of the freakin’ world population! and last I checked, 2019 is just 3 years away. That statistic might raise some questions, though.
If there are that many smartphones on this planet, how are they all maintained? and, more importantly, are there any negative impacts to this exponential growth? Well, I’m planning on answering all of those questions. But, one seemingly important effect is undeniable. The lifetime of a typical smartphone is going down. And it’s going down fast.
How many years do you think you can hold onto your current smartphone?
What do you think the typical lifetime of a flagship smartphone is? Well, most of you would probably say 1 year, and you’re right. But, that has remained constant since the days of old. To rephrase the question better, how long do you think you will take to upgrade from your current smartphone? Now, we’re talking!
That number has reduced dramatically over the past few years and that’s really not a good sign. The average time a person would hold onto their smartphone is, wait for it..
18 months. You read that right. Just 18 months.
Well, for the tech savvy people out there, which constitutes a majority of the population nowadays, that number is bound to go down real fast. To the point where you’re actually thinking about buying a new smartphone just 1-2 months after purchasing it (that’s my guess, anyways).
This is not a good sign. Buying a new smartphone just when it comes out was reserved for the fanboys since forever. But now, it’s considered the norm.
So, what are the typical options for the older model when the newer one comes out?
Well, the most obvious one is to sell it and use the money to purchase the newer model. Or, you could trade it back to your carrier. Furthermore, you could trade them back to a trade-in company who would probably take it in, if it’s still in pretty good condition. But there are actually some folks who just chuck their old phone straight in the bin (stop doing that, by the way). I’ll explain why in a later segment.