Question

Heyaa.....I need the most relevant answer..

It's a doubt that has been evolving in my mind for a long back...

Why the automobile industry is not experiencing a huge development as compared to the mobile industry???
Each year, new phones r getting released with advanced features and at a reduced rate..
But in the case of automobile industry, the industry is constantly experiencing a hike in prices along with technological advancement.
We all know that semi-conductors play a pivotal role in mobile industry..So what's the factors that affects the price of a car?

NO SPAM!

Answer 1

Hey Friend!
Here is my attempt:✍️
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Automobile Industry is different from mobile phone industry.
Their setup as well as operations are different
Their use as well as maintenance is different
The durability of mobile phone and an automobile item is different which is even understandable to the user customer also.
There are so many differences so we should have a different mind setup to understand their market approach.

The customer base of automobile industry must be at least a middle income earner while a customer can avail mobile services in different price categories.

The competition in mobile industry is more vulnerable than the automobile industry.

The cost of production of automobile industry may not be compromised as can be in automobile industry.

Moreover the customer gives preference to choice rather than to price mostly ,so automobile industry can raise prices as per the need but it is not so in mobile industry.

Automobile industry is brand based much and a similar case can be equated with mobile industry - Apple phone are sold at high prices with people queued up and this brand has no competition constraints. Same applies to automobile industries which try to innovate much and thus raise price.

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