Younger people may be among the first to sell used phones in order to invest in a device that offers them access to the latest technology.
Simon Curtis, senior vice-president of strategic sales and business development at social commerce specialist YES-Wallet.com, said one of the huge trends of the near future will be mobile payments.
He suggested that people have been buying items online via their handset for some time, but the technology is now allowing them to do even more.
This includes paying for parking and settling fines, leading many to become “addicted to their smartphones”.
“I see the 16-to-30 age group as being the segment that will readily embrace the new phones and the capability to make payments. Why wouldn't they?” Mr Curtis asked.
Dr Jennifer Colegrove, vice-president of emerging display technologies for DisplaySearch, recently said that people can expect lighter and thinner mobile phones to become the norm in the future.
Posted by Samantha Green