Smart Talk develops a smartphone with a state-of-the-art camera, allowing customers to use their phones as their main photo and video device. This smartphone is currently experiencing the declining sales curve and declining profits that are characteristic of the maturity stage. What is a reason for this decline in sales and profits?

Severe competition

Explanation:

Smartphone emergence in the market for mobile devices represent the fastest growing market segment that is in the telecommunication industry. Ambitious of people own a smartphone which they use in taking pictures, surfing the net and connecting with people all over the world.

Smart Talk's declining sales and profit is due to the competition that exists on the smartphone industry. The competition in the market is quite harsh among incumbents and new entrants. Companies such as Nokia, Samsung, Apple stand above the others do it's not easy for a new company to displace them.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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