The Great Smartphone Rip-Off: GenAI Phones Will Bankrupt Your Wallet
Get ready to sacrifice your social life, relationships, and savings account for the "privilege" of owning a GenAI-capable smartphone. According to the International Data Corporation (IDC), these cutting-edge devices won’t come cheap – in fact, they’ll be a whopping 344% more expensive than their non-GenAI counterparts.
The IDC’s Worldwide Quarterly Mobile Phone Tracker predicts that GenAI smartphones will capture 18% of the total market by the end of 2024, but at what cost? The average selling price for these devices will be more than double the cost of non-GenAI capable devices, further driving the premiumization trend.
But don’t worry, the big tech companies will make sure you’re fully aware of the "value" you’re getting for your hard-earned cash. Apple, for example, is already touting the benefits of its Apple Intelligence, which promises to revolutionize the way you use your phone. And with GenAI partnerships on the horizon, you can bet your bottom dollar that these companies will be pushing the envelope to get you to part with even more of your cash.
Meanwhile, the rest of the world is stuck in the slow lane. Android devices are still struggling to make a dent in the market, with emerging markets experiencing a 12% growth rate. But hey, who needs affordable smartphones when you can have the latest and greatest GenAI technology?
The smartphone market is about to get a whole lot more expensive, and it’s up to you to decide whether or not it’s worth sacrificing your financial stability for the "privilege" of owning a GenAI-capable device.
