![]() ![]() ![]() When the economy is down, a large number of uncompetitive players will quit while good enterprises will win more market share and future confidence.Ĭounter- cyclicality is not as scary as it seems. The decline in demand is actually a catalyst for the restructuring of the industry’s competitive landscape. Similarly, investors will ignore opportunities during periods of declining demand. In an industry where demand is booming, excess capital and competitors will pour into every part of the supply chain, greatly damaging the rate of return for all parties. Regarding investment in the technology field, there is a view in the market: when the economy rises, the industry is full of opportunities, which will bring a precious investment window. In the best of times, we may make the worst investments, but in the bad times, there is no shortage of opportunities. However, things are often full of contradictions. ![]() Compared with the previous prosperous times, the past two years can be said to be the lowest period of the IoT industry, with these “leaders” gradually exiting the market. Whenever it was during primary market financing or doing a secondary market roadshow, as long as a company had anything to do with “ networking “, its business plan (BP) or prospectus materials were likely to contain beautiful maps, claiming itself as the “leader of the Internet of Things (“IoT”)”. A number of consumer electronics sub-industries, including PCs and mobile phones, have fallen to their lowest points in nearly a decade, or even two decades, and the rapid growth momentum of the I oT industry has also come to an abrupt halt, for the moment.Ī few years ago, the IoT concept was very popular. Affected by the global economic environment, the consumer electronics field is experiencing an extremely severe down cycle. The past two years have been very difficult globally, with common challenges faced in all sectors. “…it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us.” ![]()
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