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Is this less relative to broad historical trends, or less compared to the boom of 2020 and 2021, when people were flush with cash and suddenly spending a lot mo
by aftbit 2y ago
Is this less relative to broad historical trends, or less compared to the boom of 2020 and 2021, when people were flush with cash and suddenly spending a lot more time in their houses?
And even if it's less relative to more typical times, how much of that is people "pushing forward" projects back in 2020?
I wonder similar things about computer manufacturer sales. As much as they'd like us to all be on a one-year upgrade cycle for both phones and laptops, modern hardware happily lasts three to seven years depending on how you use it. Many people bought new hardware during the beginning of WFH times in the pandemic, and now they don't need to buy a new PC for a few years, but Lenovo et al act like the sky is falling when they see a lower quarter after a huge boom.
- bluGill 2y agoSounds like a cylical business. When times are good you buy equipment and then it is relatively new when times are bad so you don't have to buy more. contrast to food which people need a relatively constant amount of. (even then you buy less expensive food when times are bad)
- bobthepanda 2y agothe major difference is that COVID for a lot of industries represented a one-time-sync event. people used to be more spread out but being stuck at home really made certain activities much more attractive.