Japan is one of the largest economies in the world, where people are willing to pay the full price for every new technology that comes to the market. But now the situation is changing due to devaluation of local currency. Iphone 14 updates.
The value of the Japanese yen against the US dollar has fallen to a 32-year low. Which has also affected the purchasing power of consumers.
Japanese consumers, who generally prefer to buy new goods, have no qualms about buying used goods after the yen’s devaluation. Keep in mind that the yen has fallen by 22% against the dollar this year, as global currencies have depreciated.
iphone 14 updates (disliked by japanese due to price)
In July, the Apple company had significantly increased the price of iPhone 13. While after that, the price of iPhone 14 was 20% more than iPhone 13. Japanese businessman Yaman Kovaro wanted to buy a new mobile phone, but he found it unnecessary to pay 198,000 for the iPhone 14. At that time, they preferred to buy the iPhone, which costs a fraction less than the old one.
Salar Yemen Kovaro says that iPhone 14 is too expensive and I cannot buy it. The iPhone SE 2 was released in 2020 but it lacks dual cameras, yet it is a good combination of price and technological features. Last year, Apple said iPhone sales in Japan fell 9 percent in the year to the end of September due to a weaker yen.
According to MM Research, a Japanese organization that monitors the technology market, during the last financial year, the sales of used smartphones reached a record number of 2.1 million after a 15% increase, and by 2026, this number will reach 3.4 million.
