a market essay about cell phones market

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Cell Phones Market
The cell phone gadget was traditionally invented for use as an alternative to landline telephones. However, in the 21st century, the cellphones have grown in significance and now form a major part of human lives. Inventions and innovations in the telecommunications industry have been credited for the recent craze. However, modernity and the changing lifestyles continue to fuel the increasing influence of the cell phone. Just like other markets, the cell phone market is controlled by forces of supply and demand (Cecere t al. 165). However, the cell phone market has shown a high degree ofperishability and short shelf lives as the rate of technological change increases.In the last decade,the cell phone market has shifted focus from the use of ordinary gadgets to the use of smart phones.Smartphones use advanced technology and offer a multi-purpose alternative to users. While the traditional cell phone could only be used for making calls and receive messages, the smartphone is capable of accessing the internet, read and send mails, read, edit, and download documents, and a host other features that are continually being added into the recent smart phones (Lenhar 1). This essay will, however, focus on the cell phone market globally and will focus on the United States market. In this paper, the term ‘mobile phone’ will be used alternately with the term ‘cell phone’
Competition in the global cell phone …