What is Technological Obsolescence?

Technological obsolescence is often considered a great mystery, one that very few people understand and even fewer want to try to figure out. However, it really isn’t that complicated. when you take the time to understand it and prepare yourself for what it can do to your life, especially if you are the owner of an older device. Here are five things about technological obsolescence that you should know before purchasing any new electronic devices.

How to handle Technological Obsolescence?

Technological obsolescence can be confusing, and knowing how to handle it can help you avoid headaches. The best way to address technological obsolescence is to plan for it from the beginning. If you’re unsure about your device’s lifespan, try looking into a warranty that covers accidental damage, or purchase an insurance plan for your device. Lastly, if you are considering upgrading your device because of performance issues, make sure to take advantage of trade-in options.

Technology options

Technological obsolescence has been a part of the technology industry since the invention of the first microchip and even before. The problem with this phenomenon is that there is no way to predict when a device or gadget will become obsolete. Which can lead to a lot of frustration for consumers. Who are not aware that their devices might need to replace within a few years. Some electronic devices might last as long as 20 years if they’re well taken care of while others may only last a year if they aren’t used properly.

– Generally speaking, we can say that technological obsolescence occurs at some point after the lifespan of a warranty or guarantee expires on an item (around 3-4 years).

– One major cause of technological obsolescence is when an improvement in technology renders the older model obsolete.

Retailer options

One way to help your customers save money on their favourite products and keep up with the latest technological advancements is by providing a trade-in program. With this program, customers can exchange their old devices for credit for new products or get their money back. By offering this incentive, retailers help make it easier for consumers to stay up to date while giving them the opportunity to save money in the process. Additionally, by doing so, they gain repeat business from satisfied customers. The bottom line is that all retailers should offer a trade-in program if they want to be competitive in today’s market and provide better customer service.

New versions and updates

New versions of electronic devices are release every year, and updates happen often. This means that an electronic device you buy today will likely be obsolete in as little as a year. As soon as your new device is too old for updates, it’s also too old to be eligible for trade-in programs like Apple’s iPhone Upgrade Program or Samsung’s Galaxy Forever.

Suddenly, you’re left with a phone that doesn’t work properly and can’t be traded in for anything else. If you’re trying to sell your old phone, there’s no guarantee that the buyer will be able to use it. And even if they do want it, they might not want what you think it’s worth. Selling a smartphone on eBay usually nets about $70-$100 for a popular model such as the iPhone 6S or Samsung Galaxy S7 Edge. On Swappa, meanwhile, buyers pay between $10 and $200 depending on the condition of the device.

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