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Consumers are upgrading their technologies less frequently [stats]

Upgrading your phone and laptop every year used to be common, but the cycles are slowing. Let’s discuss.

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We used to upgrade every year

Smartphone technology used to be updated so quickly that by the time you picked up a new phone, it was already out of date. It’s no secret that companies like Samsung, Motorola and even Apple flooded the market with subsequent product launches. A majority of the time, the hardware and feature upgrades between models were minimal at best.

But people kept buying in more and more frequently, which is why we have the new wireless subscription models that allow you to upgrade more often than once every two years.

Who needs a new iPhone?

However, it looks like that model may be about to change again. According to one BTIG analyst, smartphone upgrade cycles are taking longer, resulting in fewer sales, especially for Apple. The analyst firm lowered their annual sales estimates for iPhone sales as well. Customers just don’t feel the need to upgrade.

iPad sales have declined for the past few years as well, and for good reason. Nothing is enticing customers to upgrade, especially when they already have a fully working device capable of doing what they need.

It’s not just smartphones and tablets either, because there are a lot of people sticking with the same old PCs and computers they’ve had for years. Even PC upgrade cycles have slowed so much that in 2015, the market saw the absolute lowest level of sales since 2007.

Folks — like gamers — who live on the cutting edge are just now starting to upgrade because virtual reality tech calls for more powerful hardware. It took an entirely new and innovative type of technology to get people to start upgrading their PCs, at least more frequently.

Varying hardware upgrade cycles

It’s interesting, considering all of these devices have different release cycles. If we go by Apple’s schedule, new iPhones are good for about a year before customers are tempted to upgrade. If you don’t count the “S” incremental updates, then iPhone owners don’t really need to upgrade until about the two-year mark.

In comparison, Samsung’s smartphones aren’t relevant nearly as long, but the company also releases way more devices than Apple.

Then there are tablets, which have a slightly longer lifetime of about two to three years.

We’re not even going to discuss computers, which can have varying lifetimes depending on the type, brand and hardware — though it is worth noting that hardware upgrades for computers have slowed in more recent times.

There are several reasons why these devices have different upgrade cycles. With smartphones, it’s because we use them more often, and because the technology is advancing at an alarming rate. Computers and tablets, on the other hand, remain relevant longer in terms of processing power, so there’s no need to upgrade as often.

Why aren’t customers upgrading?

All this information is great to know, but it doesn’t answer the main question: Why are upgrade cycles slowing?

Barring economic changes — let’s be honest here, everything is getting more expensive — the build quality, hardware and even software for a lot of these devices are good enough to stretch out those upgrade cycles. As the saying goes, if it isn’t broken, don’t fix it.

When customers have a working smartphone, tablet or computer, they’re less likely to upgrade.

With smartphones especially, the big wireless providers have dropped contract-based subscription plans, prompting customers to stick with one device for longer. There’s also the fact that they have to pay full price for a smartphone up front, as opposed to paying subsidized fees in a contract. When you go from paying $200 or cheaper for a new phone to well over $400, you tend to make that kind of purchase less often.

What does this all mean?

To be perfectly honest, it just means that consumers are playing things smart for now. Companies like Apple will likely have to adapt, lest they bleed revenue after launching incremental hardware upgrades that no one wants.

We’ll probably see these companies slow their product launches. Apple, for instance, may release fewer products over a greater period of time to minimize a loss in revenue. Samsung will definitely have to do something like this if they haven’t already.

In the end, this is not necessarily bad news for everyone, but it does signify that the mobile tech market is slowing a bit, even if other markets — like wearables and smart home tech — are booming.

#Upgrades

Megan Ray Nichols is an editorialist at The American Genius, and is also the editor at Schooled By Science. She loves to keep up with tech industry trends and innovations. She hopes to discover and document unique ways technology can help advance society. Megan also enjoys writing about a variety of the sciences and how they tangibly impact your life.

Tech News

Time is money and Clockify helps you make the most

(TECH NEWS) Tracking your time worked as a freelancer can easily be lost in the shuffle. A new tool has been designed to make this important aspect easier.

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After years of searching for a method that works for me in terms of organization and productivity, the answer seemed to be simple: a calendar I can write on and Post-It notes. This method is a little old school, but seems to get the job done for my organizational needs.

However, there are some things that slip through the cracks with this method, but it’s more user error than it is the actual practice. One thing I struggle with is keeping track of my freelance hours this way.

I have a tendency to guesstimate how much time I worked throughout the day and know that I wind up underdocumenting my hours. I would hate to know how much money I’ve missed out on keeping (sometimes inaccurate) handwritten notes.

But, like many other small scale issues, there is a simple solution. And that is found in the form of time trackers.

One of the newest members to join the online time tracker team is Clockify, who operates under the idea of “your time, your rules.” It is a free time tracking tool designed for agencies and freelancers.

Clockify allows users to manage as many team members, projects, and workspaces that you need in an effort to help your business run smoothly. This allows for a complete overview of team productivity.

The tool offers a way to enter time manually as well as clock time automatically. This way you can keep tabs on what you’re working on and assign and label time logs to the appropriate clients.

With this time tracking, you are able to generate weekly, monthly, and annual reports at any given time. These reports can be saved, exported, and shared with clients to give them more information about your work process.

The real-time tracking helps to improve business efficiency and gives more insight into what each team member is spending their time on. Having this information available can give visual representation of how to improve in the future.

Clockify currently exists in desktop format with iOS and Android apps coming soon.

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Russia vetoed cryptocurrency and came back with CryptoRuble

(TECH NEWS) Russia put a hard pass on other cryptocurrencies in their country so that they could hop in the crypto-game with their own CryptoRuble.

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Just days after The American Genius reported that the Russian Central Bank would attempt to block access to cryptocurrency trading cites, the Coin Telegraph has reported that the Russian government will issue its very own cryptocurrency, the CryptoRuble.

The report cited local Russian papers, who quoted the minister of communications, Nikolay Nikiforov.

Earlier this week, head of the Central Bank, Sergei Shvetsov, said that he would work with the Prosecutor General’s Office to ban Russian citizens from accessing cryptocurrencies like Bitcoin, calling such currencies a “negative phenomena for our markets” and a “pyramid scheme.”

Now it appears that the Kremlin will create its own cryptocurrency – one it can keep an eye on — which, some might argue, defeats the entire purpose of cryptocurrency.

However, like other cryptocurrencies the CryptoRuble will be based on blockchain and will presumably help prevent online fraud.

CryptoRubles will be exchangeable with regular Rubles, although the systems of exchange have not yet been set up. Experts think that Russia is hoping to stimulate e-commerce without the need for foreign money markets, which will allow them to have more independence from the United States.

According to Nikiforov, the Russian government is setting up its own cryptocurrency under the assumption that if they don’t, other European governments will.

Said NIkiforov, “I confidently declare that we run CryptoRuble for one simple reason: if we do not, then after two months our neighbors in the EurAsEC will.”

Traders using CryptoRubles will be asked to provide documentation of retail transactions and services rendered – or pay a 13 percent tax for undocumented transactions, leaving a wide loophole for money laundering.

Critics say that Russia is trying to facilitate, while also profiting from money laundering; that the Kremlin is stealing the market from other cryptocurrencies; and that the CryptoRuble fundamentally defies the spirit of decentralization that inspired other cryptocurrencies.

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Microsoft’s overseas email storage piqued the Supreme Court’s interest

(TECH NEWS) Microsoft has been in a pretty large dispute about storing user emails abroad and the Supreme Court has taken an interest in it.

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The U.S. Supreme Court announced Monday that it will hear a case that will decide whether or not U.S. law enforcement officials can force tech companies to turn over emails and data stored in overseas servers.

The case will review a lower court decision made in 2013 after federal officials attempted to obtain emails from Microsoft that would provide evidence for drug trafficking cases.

At that time, Microsoft refused to comply with the government, even though they had a warrant, instead taking the case to court, claiming that the U.S. government did not have the right to access data stored in servers in Ireland.

The court of appeals ruled in favor of Microsoft, citing a 1986 digital privacy law that allows law enforcement to obtain warrants for electronic communications, but not if the data is stored outside of the United States.

Judge Susan Carney said of the law, “Neither explicitly nor implicitly does the statue envision the application of its warrant provisions overseas.”

The Trump Administration and the Justice Department say that this ruling has majorly blocked efforts to prosecute criminals.

“Under this opinion, hundreds if not thousands of investigations of crimes — ranging from terrorism, to child pornography, to fraud — are being or will be hampered by the government’s inability to obtain electronic evidence,” said Deputy Solicitor General Jeffrey Wall.

Because Microsoft stores data and communications closest to the user’s location, Wall said that the lower court’s decision made it all too easy for terrorists and other criminals to hide their communications by claiming to live in a foreign country when signing up for an account.

Microsoft argues that, instead of handing this decision over to the Supreme Court, legislators should update the 1986 law.

“The current laws were written for the era of the floppy disk, not the world of the cloud.” wrote Microsoft President and Chief Legal Officer Brad Smith in a blog.

“We believe that rather than arguing over an old law in court, it is time for Congress to act by passing new legislation.”

In Congress, Senators Mike Lee (R-Utah) and Patrick Leahy (D-Vermont) are pushing for just such an update with a piece of legislation called the Stored Communications Act.

Microsoft further argued that allowing U.S. law enforcement to obtain data from other countries was an “incursion” on those nations’ sovereignty, which would make U.S. citizens more vulnerable to foreign governments.

“If U.S. law enforcement can obtain the emails of foreigners stored outside the United States, what’s to stop the government of another country from getting your emails even though they are located in the United States?” said Smith.

The Justice Department says that, along with Microsoft, Google, Verizon, and Yahoo have all stopped complying with search warrants since the lower court’s decision.

The Supreme Court will hear the case early in 2018 and hope to have a decision by June.

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