Industry Analysis & Industry Trends
The Cell Phone Repair industry has profoundly grown over the past five years due to several factors, including cheaper and more reliable mobile internet and the exploding popularity of smartphones, which are more fragile and therefore more likely to need repairs. Smartphones also feature higher price tags, which have led consumers to repair rather than replace them. However, as the industry reaches market saturation and the cost of replacement becomes more affordable, demand for this industry's services is expected to stall.... purchase to read more
Industry Report - Industry Investment Chapter
In 2014, the average industry firm is expected to spend about $0.03 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