WHY ARE ELECTRONICS BECOMING OBSOLETE FASTER?

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WHY ARE ELECTRONICS BECOMING OBSOLETE FASTER?
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• Doesnt it seem that electronics now rapidly
  become obsolete when compared to their older
  counterparts? A generation ago one might expect a
  major electronic appliance to last for many
  years, even decades, but modern electronics seem
  to get thrown on the trash heap in a short period
  of time. Why is this?

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Competition
Firstly, in any industry with a substantial
demand and a high level of competition products
are inevitably going to improve very quickly. The
electronics industry is a perfect example of
this. Whereas an industry that is monopolized
becomes slow and stagnant, in the modern
electronics industry there are no monopolized
brands or concepts. Instead, you have dozens of
highly competitive firms competing with each
other to enhance their products and make the most
money. Innovation is lightning fast.
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Demand

• Furthermore, the demand is so substantial that
  investment in this industry is widespread and
  consistent. In other words, consumers wants the
  newest, fastest, and best electronics, so
  companies are constantly putting a great deal of
  emphasis on the production of these items that
  help them stay ahead of the curve. This makes
  previous flagship models quickly seem obsolete to
  end users.

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• Practicality
• The other reason why electronics are becoming
  obsolete much more quickly is practicality. Many
  electronic devices have so many uses and
  applications that the latest versions are
  essential to our daily life. Electronics might
  have previously been a luxury or entertainment
  device, but now it is a virtual requirement to
  ones business email, or be able to communicate
  with others wherever you are, for example.
• We have only seen the tip of the iceberg.
  Electronics are such an essential part of our
  world that they will play a very important role
  in our future. Consider connectivity alone. The
  internet has caused incredible globalization and
  cultural diffusion in its short existence. Just a
  few decades ago you couldnt click a few buttons
  and see a live stream from a breaking news event
  in Syria, for example. Today, this is a common
  practice.

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• There are multiple TVs in practically every
  household in America, and every year seemingly
  evergreen appliances like air conditioners,
  fridges, washing machines, lights consistently
  become more efficient and reliable as
  manufacturers fiercely compete. Its the
  evolution of an industry that we depend on for
  everything. If we can cut down on production
  costs and slash your energy bill by 15 with a
  new air conditioner why shouldnt you upgrade?
• Technology and electronics are improving every
  day because this is what the human race wants,
  and improvements to our lives should be embraced.
  We have technology and electronics in our homes,
  our cars, our schools, at our jobs. We are
  connected by it. We are depend on it. This is why
  electronics become obsolete very quickly.

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• Effects on the Environment
• Of course, this has a staggering effect on the
  amount of electronics that find their way to
  landfills and tips as people throw out their old
  devices. It is up to the consumer to ensure that
  their obsolete equipment is disposed of
  responsibly, lessening the damage and waste
  caused by our world of rapidly changing
  electronics.

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