Do some products eventually become obsolete?

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aarondmsu
Level 2 user
Posts: 39
Joined: Tue Mar 12, 2013 7:04 am

Do some products eventually become obsolete?

Post by aarondmsu »

Has anybody found that some products become obsolete because of new product development? For example, does the mobile phone eventually become obsolete (i.e. literally zero consumer demand at any price) because of the development of the smartphone?
megapolis
Level 6 user
Posts: 342
Joined: Tue Jan 27, 2015 6:11 pm

Re: Do some products eventually become obsolete?

Post by megapolis »

aarondmsu wrote:Has anybody found that some products become obsolete because of new product development? For example, does the mobile phone eventually become obsolete (i.e. literally zero consumer demand at any price) because of the development of the smartphone?
There are three products that become obsolete.
Mobile Phone (with invention of Camera Phone)
Camera Phone (withinvention of Smartphone)
Camera (with invention of Digital Camera)

By the way there is also one product with constantly decreasing demand - Cigarettes. Their demand decreases by 1% per year
Guest

Re: Do some products eventually become obsolete?

Post by Guest »

Interesting. Thanks for the info.


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