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The smartphone has become an important economic factor

Wednesday, August 30th, 2017 | Gadgets

The smartphone is at the center of numerous innovations in the entertainment industry. Ten years after its first presentation, however, it has also developed into a significant economic factor. According to Bitkom, around 1.4 percent of the gross domestic product in Germany is connected to the smartphone, the sales expected this year to 45 billion euro.

          The Digital Association presented its trend study on Wednesday at the start of the IFA in Berlin together with Deloitte, the consulting company in Berlin. Eight out of ten people in Germany now use a smartphone. "So far, no other technology has changed the everyday life of so many people," said Klaus Böhm of Deloitte. Within a decade, the smartphone has become an indispensable companion from a niche product. The German smartphone market is therefore likely to generate a higher turnover than the entire classic entertainment electronics in the current year with a volume of 9.77 billion euros. The smartphone has developed into a universal device and is also in other sectors decisive developments, said Bitkom- Expert Timm Lutter. As will be on display at IFA from Friday, there are now a variety of devices that can be networked and controlled via the smartphone. According to Deloitte, media houses, online corporations and retailers are likely to benefit most from the smartphone ecosystem. dpa

          
           

          
          
                
                    
          
            
                

                
        

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