The product life cycle is the progression of a product through 4 stages; introduction, growth, maturity, and decline. An example of a product in the introduction stage is the Holographic Projection. It was recently just introduced into the market. It allows any flat surface into a touch screen interface.In the growth stage, an example of a product would be Tablet PCs. This product is growing and multiple competitors are coming into the market developing Tablet PCs. Laptops are in the maturity phase. This product has been around for a while and the majority of the population that obtains a computer has a laptop and there are diverse features that make people want to keep buying them. A good example of a product in the decline stage is the typewriter. Typewriters do not have much functionality. Consumers are demanding more from the electronic department and typewriters are a product no one is purchasing anymore unless it is an antic. These are just a few example of products that progressed through the Product Life Cycle.
Do you think Holographic Projection will eventually be in the decline stage?
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