Which products and services will become obsolete in the next decade?

Which products and services will become obsolete in the next decade?

Consumer electronics are likely to see a gradual replacement of their consumer products, such as televisions and computers, by wearable electronics, which can be used to communicate with devices, monitor health and fitness and track activities and workouts.

Consumers will also start to use smartphones, which offer the capability to connect to other devices and share data with them.

The advent of these devices could result in a dramatic increase in consumer spending.

This will inevitably lead to an increase in costs.

The Consumer Electronics Association has estimated that consumer spending will reach $100 billion by 2030.

Consumers are spending $20 billion more than they did in 2013 and a further $30 billion in 2020.

The cost of purchasing new devices is estimated to rise by 20 per cent.

Consumers spend $1,300 per year on personal health devices, compared with $200 per year a decade ago, according to the OECD.

“Consumer spending is set to soar,” said John Henningsen, senior economist at investment bank Credit Suisse.

It is possible that the increase in consumption could be a temporary blip, but there is an increasing likelihood that consumers will start to feel the impact of inflationary pressures and, as a result, will begin to demand lower interest rates.”

Back to Top