The Economics of Buying vs Fixing Your Smartphone

We are on our phones a whole lot. And for good reason because lots of business and personal activities are done on a mobile device – which explains why there are very nearly 1.3 billion more mobile connections than there are people in the entire world. Smartphones have become a huge part of our lives as they have become so common among everyone. Since 1973, the rise of cellular phones have been the fastest growing phenomenon ever; the cell phone ownership has increased rapidly as now almost all Americans own a smartphone. Smartphones aren’t the only mobile device that have been rising over the years – between the years of 2010 and 2018, tablet ownership increased by 16 times, and the percentage of American adults that only access the internet from only a smartphone has more than doubled in the past few years.

 

The smartphone has become so prevalent that according to one survey, mobile phones can be critical to performing work tasks and most people admitted that when their phone was taken away or lost they felt anxiety for fear of missing out on the things that matter to them most. So what happens to us when our phones are taken away or break?

 

The main cause of us being scared or afraid when we are separated from our devices is the fear of missing out on anything. It’s easy to understand the fear – our phones are very much essential to our lives nowadays, ranging from contacting your future employer to ordering pizza.

 

A decision made by many when their phones break is to just buy a new one. But with the rising costs of new phones, at upwards of $1,000, this option becomes less appealing to most. Find out about how fixing your phone is so much easier and cheaper than buying new here:

 

Publication date: 
08/22/2019 - 14:05
Author: 
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.