Read my post. Phones and TVs are ubiquitous necessity purchase that can't be ignored or put off, in most cases. You don't worry about future models because your current one is broken or run-down to the point of irritation, and you need a new model.
This is ridiculous. Outside of the Digital switchover (which im not entirely sure has even happened in the US), any TV bought over the last 8 years is perfectly viable to use, long as it is still working. If people have upgraded,they have done for new features or to replace broken items.
Likewise for the basic functions of making a call, receiving and send texts, a Nokia 702 has as much utility as the iPhone 6s. Outside of a few battery and charger replacement, one might argue that its a better performer in those areas too. People again replace their phones for new features, or to replace broken hardware. They dont "have" to do it at all.
Food is a necessity purchase. Toliet roll is a neccessity purchase. Even then you could farm your own food and use your hand to wipe your ass. You dont have to buy anything.
Console purchases can be put off indefinitely in most cases. And it's not as if people aren't going to start putting off phone purchases more and more as the new handsets start to offer less desirable and tangible features. Comparing consoles to phones is ridiculous considering that carrier subsidies and now no-interest loans have been propping up the two-year upgrade cycle for the better part of a decade. If AT&T is going to let people buy a new PS4K for $100, then I'd probably think the incremental upgrades are not as big of a deal.
Every purchase outside of food or its cultivation can be put off indefintely. Lets not try and pretend that the majority of our spending is not on luxuries that we dont need to survive.
Carrier subsides even the US have been going the way of the dodo for the past few years. AT&T actually are stopping 2 year contracts entirely. People still upgrade their devices and people have always bought phones off contract.
Regardless, phones are not the only consumer electronic device with an iterative model. Tablets carry no subsidy and are updated yearly. So are PCs, so are montiors, Tvs, music players, ebook readers, smartwatches, drones, etc etc etc.
Speakers and headphones are cheap, and most people aren't audiophiles that care that much about how speakers will perform several years down the line. My understanding is that audio and video tech doesn't really run on the sort of steep curve that gaming/computer tech does anyway. Will there be better TV and headphones in 2 years? Maybe. Does the average Joe buying a Vizio care? Will he even be able to tell the difference? Probably not.
Please explain the growth of beats then. Because I can tell you right now, no audiophile would be caught dead with a pair of them. They have a dimmer view of beats than Gaffers have of mobile games. Or better yet explain DJ equipment. Sound systems. Home cinema. Imax. Do you think these are running on a "buy once last 7 years between models" system. As for the "average joe buying a Vizio" im sure he wont care. But by that same logic neither should you about the PS4:NEO. You are perfectly welcome to ignore the advance in tech and just be happy with the device you own.
.[/QUOTE]