Are Smartphones Doomed to the Same Fate as Personal Computers?
- Sales growth stalls as consumers find less reason to upgrade
- Apple and its suppliers look to cars, Internet of Things
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The smartphone market has stopped defying gravity.
After almost a decade of turbocharged sales, the $423 billion industry can no longer count on consumers to robotically upgrade their handsets, putting at risk the fat margins and steady revenue growth long envied by the rest of the hardware sector.