And this is how it’s going to be in the foreseeable future. The last thing on consumers mind right now is buying ‘new tech’, given the uncertainty of the economy/jobs, lack of supplies in grocery stores, etc. In the midst of what’s happening right now, some will be repurposing how they spend their finances, and I think smart phones that breach over $1000 is not a very smart purchase right now if somebody isn’t in need of an upgrade. Consumers in general will be more mindful of where their dollar is spent until this situation stabilizes.
Spot on. So many people's lives have fundamentally changed and have become unrecognizable. The world is essentially, currently unrecognizable.
It's insane.