Industry Analysis & Industry Trends
The Cell Phone Repair industry has experienced strong growth during the past decade as smartphone and data usage have increased. The rising popularity of expensive damage-prone smartphones gave the industry a significant boost. In the coming years, rapid technological change, the falling price of cell phones and rising disposable incomes are expected to encourage the replacement rather than repair of devices.... purchase to read more
Industry Report - Industry Investment Chapter
In 2015, the average industry firm is expected to spend about $0.05 on capital for every one dollar spent on labor, indicating a highly labor intensive industry. The tools spent on repairing cell phones are generally inexpensive and widely available. As most of the cost of repair work goes to the replacement of parts, the industry does not require a high level of machinery to conduct the repairs. Industry operators order parts from the phone's original manufacturer or third party manufacturers, remove the damaged portion from the cell phone and replace it.
There are a large number of potential electronic and precision cell phone equipment faults, making repair services very job-specific... purchase to read more