Passing of the Tech Torch
According to recent consumer tech associations, they believe that the Chinese tech market will outsize the US tech market within 2 years respectively. A market insider Gary Shapiro, who is also CEO at the Consumer Technology Association, and the shows organizer said that the nation of China’s consumer technology market could soon overtake that of the worlds largest economy. He says that “the US is still bigger but this years or next we expect the Chinese market on a dollar or yen value exceed it.”
He goes on to add that, “as unit costs come down, then you see a slowdown in total revenue. But at the same time, we’re seeing tremendous new product introductions in virtual reality, augmented reality, the internet of things new categories that are higher priced and should drive growth forward.”
The US all the while is beginning to show signs of trouble and down right worry. This is noticeable when you look at such products as the 4K television market, where unit sales are doing well but prices continue to fall. 4K televisions are also considered as Ultra High Definition or (UDH) among millennials. TVs can offer us a higher resolution and picture quality than ever previously imagined. This stems from ground breaking tech affecting the region.
This is an interesting thing when you consider it because although the markets may switch in the near future we need to consider this by the sheer nature that China is more than 3 times the size of the United States. And there may be more between the lines that we should consider before we hands down flat out consider one superior in this regard. The reason for the uncertainty is that it doesn’t make sense in light of recent economic realities of China that tool place of the last 3 years. That is to say that their recent down turn in economy would have suggested that this would result in them downgrading on consumer electron and technology devices. However it was quite the contrary. What we are seeing is that China is here it stay in this regard, and may of the things that we tool for granted when considering the people to the East needs to be drastically reconsidered.
JD.com’s smart device business meanwhile, will reveal their plans for a refrigerator. “The drone will drop off the product to a JD.com village representatives who will then complete the last mile delivery to the consumer for us,”
The Chinese have one thing going for them with it comes to tech that is only now beginning to be felt on the homeland. That is that we have gone so long with doing business there that the infrastructure and means to develop or get back into the game for the US is seriously lacking. What I mean is that if I wanted to get a specific or not commonly used circuit in the United States I would need to order it days in advance and it would probably come from China anyways. Where as in China you could go down to a specialty store in almost any town and make it happen.