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Now there is also a gloomy outlook for portable audio players, with consumer retail research outfit Mintel (via Telegraph) seeing MP3 players shedding 22 percent in 2012 UK sales revenue.
The common thread — consumers are now replacing these dedicated single-function devices with multi-function smartphones or tablets at an accelerating rate.
What once was, itself, a mono-functional device for making calls has become a Swiss Army knife for communication, entertainment and more. In fact, as Telegraph Media Group executive editor Edward Roussel comments:
Mintel forecasts MP3 player sales halving again to £177 million by 2017. But it also sees a “worst-case” scenario of their revenue diminishing to just £25 million — that is £356 million less than Mintel’s 2012 sales estimate.
If it’s any consolation, this pace of decline — at least, for now — is less than that predicted by IHS iSuppli for ereaders.
A quarter of consumers polled by Mintel said they will buy a smartphone instead of a portable media player in future.
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