Alexander Bell spoke “Mr. Watson – Come here – I want to see you.” And thus, the telephone was born. It went through stages of development until certain other technologies converged, namely computers, wireless, satellites, video, and internet. This resulted in first a cellular mobile phone using wireless. As these developed they became small handheld computers. This opened the way for internet access and video streaming. Today million people use smartphones. This technology is in fact shaping man’s needs. What are the economic effects of this technology?
Firstly, the industry is huge and supports development, manufacture, operational infrastructure, sales infrastructure, maintenance infrastructure.
All these translate in to dollars and jobs. Currently, 90% of smartphones are using either Google’s Android and Apple’s iOS mobile operating systems. Blackberry alone has manufactured more than 200 million smartphones for their brand. 49% of the entire U.S. population uses a smartphone.
By 2017, the percent of smartphone users is expected to reach 68%. This means that the smartphone manufacturing and sales industry is experiencing, and will continue to have exceptional growth, providing new jobs in their factories and market. The knock on effect will be a corresponding increase in profitability in the many sectors affected by the smartphone users.
Businessmen and women use them to aid them in their work. This happens in many ways but primarily due to instant communication, direct access to company databases, and visual abilities.
Companies can instantly contact and direct their sales force. A new inquiry can have a salesperson heading immediately to a meeting. A cancelled appointment can be instantly communicated, saving time and transport costs by redirecting the representative. Salespersons can directly access their company’s database. This means they can check stock availability and instantly order what the client needs online. No traveling back to the office and processing paperwork. This adds to increased customer service, and profitability, less staff and resultant increase in profitability.
Further, if required a video or a picture of products are instantly available to interested potential customers. With live video streaming on site issues can be shown and discussed in real time to experts in another location and advice given.
Apart from business persons, using smartphones to economic advantage the personal user also contributes to economic activity. When you consider that 49% of Americans between the ages 18 to 44 are the primary users of smartphones, you have a massive market. Many people run internet businesses and with payment systems like PayPal being formed, millions are shopping on internet via smartphones. Of the 49%, owners of smartphones 79% have them with them 22 hours a day. So they do not need to sit at a desktop and shop. They can browse and shop commuting to work, having a coffee break, waiting for a flight. Google’s revenue over 3 months is $15 billion.
U.S. Internet advertising revenue is now more than that spent on TV advertizing. This is because of smartphone users. They are more easily reached via their smartphone than their TV. All this spending on advertizing is to attract this economically empowered age group to spend their cash online.
Today you can buy almost any product you want. And not only can you shop around in your own country; you can make your purchases around the world, and have it delivered to your door. Whatever your viewpoint, smartphones have manufactured change in the lives of millions of people.
Tips for writing:
- To write a cause and effect essay, you need to select an event that resulted in various effects.
- Explain what the event was, and why it happened.
- You may need to narrow a broad topic. Do this by choosing a category that interests you.
- Do your research and once you have gathered your material analyze it. Divide it into two sections, the cause and effect.
- Create a simple thesis statement and the start by introducing the cause.
- Once you have clearly explained it, then start to explain the effects in a logical manner.
- Wrap it up with a simple summary of your points.
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