Price Reduction Of Iphone 7 To Boost The Global Smartphone Market

Posted on: Oct-2017 | Electrical & Electronic

Apple iPhone 7 (32 GB variant) is obtainable at an off of Rs 9,000. Having a price tag of Rs 49,999, it is trading at Rs 39,999. The Cupertino major’s 2016 flagship iPhone 7 features a 12 MP rear camera with optical image stabilization, Live Photos, Quad-LED True Tone flash, slow-motion video recording at 120 fps in 1080p, and 4K video capturing at 30 fps. On the front end, there is a 7 MP HD FaceTime camera paired with Retina Flash. It features a 4.7-inch diagonal 3D Touch Retina HD capacitive touchscreen display. iPhone 7 operates on A10 Fusion chip with incorporated M10 motion coprocessor. Well, this reduction in price of the iPhone 7 will surely boost the global smartphone market. Let us have other a look at other factors affecting the Global market.

The rising employment of smartphone on industrial as well as commercial level is the main reason that is boosting the growth of the global smartphone market. In addition to this, the rising trend among the people to own a smartphone is also one of the important reasons that are responsible to power the development of the global smartphone market. Along with this, the rising awareness among the people regarding the advantage of the mobile phones & smartphones can also be held accountable for the up surge of the global smartphone market. Moreover, smartphones have the capacity to replace any gadget and it has already replaced tons of them. This ability of the smartphones to replace any device is also one of the important factors that are fueling the global smartphone market. Growing digitalization is also one of the main reasons as to why people opt for smartphones resulting in the development of the global smartphone market.

On the other hand, heavy cost of the smartphones is the main reason that is hampering the development of the global smartphone market. Along with this, high cost for maintenance also hinders the global smartphone market.

But for now, the reduction in price of iPhone 7 is definitely going to boost the global smartphone market.