Comment by lurk2

The first article does not look to be informative; it values the EU smartphone market at around 465 million USD, which is impossibly low. If you assume a smartphone is valued at $1,000, a market of that size would only amount to 465,000 devices sold; this is around 0.01% of the EU’s population.

The second article links to a paper which appears to be more informative (though it has not been peer reviewed):

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5117319

Notably:

> For example, in the United States, the average expected life span (replacement cycle length) of consumer and enterprise smartphones was 2.67 and 2.54 years, respectively, in 2023, while in the UK almost 30% of surveyed consumers use their smartphone up to two years and 41% up to 4 years.

and

> Furthermore, evidence shows that European, American and Chinese consumers have reduced the replacement rate of their smartphones, increasing their average life cycle (see Figure 1). These data suggest that consumer preferences are changing, and new opportunities arise for companies who want to find new profitable ways to meet the needs of their customers.