When used in conjunction with Starlink, the TESLA MODEL PI smartphone concept quickly gained traction as a means of connecting brain electricity to a computer. Tesla has yet to decide whether or not to enter the smartphone market.
Current Smartphone Market
To begin, here is a quick rundown of the current state of the worldwide smartphone market. People all across the world are increasingly reliant on their smartphones in their daily lives. With 912 MILLION USERS, China has the world’s largest smartphone market. The US market had 270 MILLION USERS, whereas India had 439 MILLION USERS.
According to industry analysts, China has always been a particularly crucial market for large technology companies like Apple and Samsung because of the sheer number of people. Strategy Analytics has found that China has the world’s fastest phone replacement cycle. New smartphone buyers in China are willing to pay more if the reviews and prices are favorable.
Covid-19 is the primary cause of the global smartphone market being hit by public health crises in 2020, according to TrendForce. Only 1.25 billion units were produced annually, down 11% from the previous year.
This is by far the biggest drop ever. The worldwide smartphone sector is expected to make a strong comeback by the end of 2021. The total smartphone production is expected to reach 1.36 BILLION UNITS by the end of the year, representing a 9 percent growth year-on-year. This includes replacements, demand, and emerging market support. The firm also expects that the total global 5G smartphone output in 2021 will be roughly 500 MILLION. In addition, the 5G penetration rate will swiftly climb to 37 percent.
Currently, TrendForce believes that the top seven global positions in 2021 will be Samsung, Apple, Xiaomi, OPPO, Vivo, Huawei, and Transsion. The top seven will encompass approximately 80 percent of the worldwide market. The pandemic is far from done, so there’s still a lot of uncertainty.
Tesla Model Pi is rumored to be getting its official debut this year as the TESLA MODEL PI, according to rumors. Tesla’s smartphone release date is being kept a well-guarded secret, which is regrettable. Despite this, we already have an idea of what the device will look like and what it can do.
These are some of the features that we might see in the Tesla Model Pi smartphone.
For the first time ever, the Tesla Model Pi smartphone includes satellite communication as well as solar charging. It also has a futuristic design. Even as I write this piece, there are numerous unanswered questions, such as: does it have a sim-card? What would be the monthly charge for using Starlink using this link? Is it necessary for me to purchase a Tesla vehicle in order to obtain one?
I do not own any Tesla stock at the time of writing, but I completely understand why Tesla shares have skyrocketed, propelling Elon Musk to become the world’s wealthiest man. Elon genuinely has plans to disrupt trillion-dollar industries worldwide, beginning with the automobile and energy sectors, then on to rockets and satellites, and now to consumer electronics.