Short Lifespans of Electronics

🌱 What do the life cycles of electronics look like? “The life cycle of the parts or components from which electronic or electric devices are made can generally be broken down into six phases or stages”.[i] These are the “introduction, growth (or market acceptance), maturity (i.e. high-volume sales)

🌱 Why does the market focus on rapid new product development? “[E]stablished firms are often replaced by innovators (through a “creative destruction” process), [therefore] today’s strategists focus on rapid new product development to defend their competitive space.”[i] “When marketing new products,