Chinese Cell Phones Manufacturers Are Poised To Make North American Consumers Very Happy
Dave Killion — October 24, 2012
“What happens when the people making your products decide they’re going to start doing it for themselves? And what happens when those factories and manufacturers start producing products which are not only equal to your fancy brand name devices, but actually better? …. Market decimation.”
It seems that China’s mobile phone manufacturers are responding to the ongoing economic downturn with a strategy that will see more powerful, less expensive phones entering the international market. And how is that working out? -
“The result is a growing range of products which are proving to be the match of the traditional big brands in just about every way. Chinese brands such as Xiaomi, Oppo, Meizu and CEIEC are producing products which not only hit the traditional cheap handset sweet spot, but can also compete head to head with the best that Apple, Samsung and HTC have to offer.”…. “In some cases these Chinese incumbents are offering high end specification products for literally a fraction of the usual price.”
It is amazing that in the course of a couple decades, market forces have led cell phones from being the size of a boot (and costing an arm and a leg) to a device that not only performs better, but is small enough and inexpensive enough that it is only a matter of time before they will be offered as cereal box prizes. Thanks to government meddling, fields such as education and health care have been denied similar progress, but never fear. Entrepreneurs are constantly looking for profitable ways to work around government restrictions, and it is likely just a matter of time before even the most impoverished people will enjoy improvements in health care and education equal to that which the Chinese are currently bringing to mobile communications.
Disclaimer: The articles and opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of the Libertarian Book Club.