More and More People Keep Their Devices Longer than Ever? What Costs the Economy: Why Prolonging the Lives of Electronic Devices Becomes a Major Economic Dilemma
2 Articles
2 Articles
More and more Americans are delaying the purchase of new phones, laptops and other devices, which dramatically lengthens the upgrade cycles and is quietly impacting the country’s productivity. People like Heather Mitchell, who still uses a six-year-old Samsung, are reflecting a growing trend: keeping old devices for just one reason—the cost. Today, the average lifetime of a smartphone in the United States is nearly 29 months, compared to 22 mont…
More and more people keep their devices longer than ever, which is expensive for the economy: Why prolonging the lives of electronic devices becomes a major economic dilemma In the United States, there was a time when to change smartphones every two years was the norm. Today, this logic seems to belong to the past. Consumers keep their devices longer than ever, sometimes four years for a phone, six years or more for a computer...
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