Samsung Galaxy Z Fold 2 Product Life Cycle

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Samsung Galaxy Z Fold 2 Product Life Cycle

Introduction

Technology is one of the most growing sectors in the world today. Surprisingly, one can acquire a new phone today, but the gadget will almost be obsolete in the next couple of months. The main reason for the dynamism in technology is the ever-changing customer demand and competition from global companies. For example, in the telecommunication and gadget sector of technology, companies such as Apple, Samsung, and Techno have constantly created a pressure of performance for each other, leading to high innovativeness and investment in high-end products. Samsung is specifically adopting a more robust strategy of producing futuristic phones that have placed it at the top of the pack, as far as competition is concerned.

For the purpose of this analysis, I have selected Samsung Galaxy Z Fold 2 because I like its rich-properties and its futuristic nature that marks a significant landmark in the mobile phone innovation landscape. According to CNN Business, Samsung Galaxy Z Fold 2 was released on September 18^th of this year, retailing at around $1,990. On the same day, Samsung Galaxy...