Q: With the introduction of the smart phone, several products have seen a decline in sales, one being the personal camera industry. This non-tech product has also seen a drop in sales over the years because of the smart phone. What is it?
A: Gum.
But there is one totally unrelated product that Apple, iPhone, and Smartphones chewed into the sales of: GUM
The theory is that supermarket checkout lines are strategically stocked with gum so that customers reach for a cheap pack while waiting in line.
Yes gum, a completely unrelated non-tech product, whose sales have plunged 15% since 2007, the year the first iPhone appeared.
And according to the Japanese gum association, sales revenue shrunk from 1.7 Billion in 2004 to 900 Million in 2009.
With the rise of iPhone and Smartphones also came self-checkouts, online shopping, and changes in consumer shopping habits.
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