In 1990 the average price of a cell phone was about £1000. This phone did not have any form of internet access. Fast forward to 2021, £1000 can get you a very expensive phone with a 5G cellular internet connection.
This article is going to explore some of the reasons why gadgets nowadays tend to be so cheap.
You can even get cheaper mobile phones during semi-annual sales of some of these online shops.
Here’s a list of some of the reasons why we have cheap gadgets;
1. Less demand and more production
One thing about 21st-century gadgets is that most people have them. Take, for example, a mobile phone, everybody has at least one.
The demand graph for them keeps falling down each year. Of course, many tech companies have resolved this by ensureing they top up their game each year with new specs and some sort of advancement from the previous year.
This brings the question, are they worth the hipe and the high prices they go …