Comment by europeanNyan
2 days ago
Are we seeing the same thing, though?
The average consumer replaces their smartphone about every 3 years (at least in the western world, places like India are on an even shorter cycle). Additionally, the global average price of a smartphone is about 400 USD. That's a much faster moving market than cars and the investment is much lower.
BYD is very impressive, but I wouldn't look at the situation as the same.
In developing countries, from what I could find, the ASP is around $160