What Will Happen As Technology Becomes "Old Fashioned"?

Does the noticeable slowdown in growth of
 technology-based products indicate change?
And What Change Will Occur as a Result?
Keeping abreast of technology news, the details reflect the general public's demand for the newest version of the same thing is waning. The numbers reflect that after rushing to buy a new smartphone, tablet or computer, a growing number of people are unimpressed with the benefits received from minor improvements.

As an example, this appears to indicate little demand for an 11% gain in processor speed, when speed is measured in nano-seconds or similar immaterial improvements as compared to the cost to upgrade. 

The question is, what are these consumers doing to compensate? For one thing, younger consumers, predominately Millennials, are getting older and their lifestyles are changing. They are also being exposed to a greater number of experience driven activities and responsibilities.

What Was Once "New" is Now "Old"
When that happens, they have to choose between the solitary focus on their electronic device and what lays before them. And for many others who spend nearly every work hour tied to a similar device, there may be little interest in doing the same thing during their leisure time.

If our observations are accurate, the technology once though of as new and exciting is becoming more of a utility then novelty. Great because it can cut down on time, increase flexibility and provides greater access. Bad because it aimlessly cuts into time, makes you available 24 x 7 and is becoming expensive.

The Demand For Something New is Growing
The question here is will that something new truly be new or simply something yet to be experienced. In the case of this article, we focus on those yet to be experienced items which are "old, hot and cool". We were reminded of these points while reviewing one of our past articles, "Analog is Hot".
The above photo from the '70's, by Hugh Holland, was an inspiration for this article.

What Does This Have to Do With Classic Cars?
We took some of our clues from a variety of places, one of them being movies, TV shows and advertising. 

They all have one thing in common; when attempting to convey a person as "genuine, honest and cool", they stick them in some kind of a Classic car. Keep in mind, Classics used in these ways emphasis those traits, but in most cases the movies are not truly about the cars themselves. They remain in the background. Other times they are the main subject matter.

And while it's unlikely the majority of Millennials have the space, time or financial resources to own a Classic today, when all of those things are in alignment and they collide with the heavily ingrained memories of "genuine, honest and cool", it's unlikely it will cause them to run down to the local Hyundai dealer in search of a new Elantra.
Father and Son Classic Car. Will this be you in 20 years? - Source unknown
In Conclusion
Only time will tell for sure but as our technology devices become rather mundane, there will be little incentive to replace what is already working. They will be put in the same category as many other utilitarian items we use everyday.

Further, as compared to today, the desire to  take a break from technology overload, experience other things like driving a Classic car, the sensation of riding a skateboard, the sound of vinyl records or explore similar other analog items is becoming mainstream. These items are also becoming cherished collectibles, some investments, all of them "genuine, honest and cool".

What are your thoughts on this article? Use the comment form below.