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Large shares of consumers use social media out of a fear of missing out

bfi.uchicago.edu

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Re: Large shares of consumers use social media out of a fear of missing out

#31

Post by hsbauauvhabzb »

nonethewiser wrote: post #11
nvoeiah wrote: post #4

>Among iPhone owners, a striking 91% of respondents indicate that they would prefer Apple to release the iPhone every other year rather than every year. Among respondents not owning the iPhone, this fraction is even larger, at 94%. I wonder why the 94% care so much about a phone that they do not even intend to own. I can't help but think that this study simply shows that more people should mind their own damn busines…

I mostly just dont see why it’s relevant. What decision is this supposed to inform? Whether or not Apple releases a new phone? Clearly Apple will do what they see fit, which is releasing more often, and if they are wrong Apple will pay the price. And they clearly have not been wrong.

Apple do what’s best for their bottom line, not what’s best for the public.

Re: Large shares of consumers use social media out of a fear of missing out

#32

Post by dns_snek »

Hugsun wrote: post #21
dns_snek wrote: post #10

Earlier quoted context omitted.

Would that really help? There's a virtually unlimited supply of "stuff" one could desire & buy. There might not be a new iPhone this year, but would you look at that shiny new watch/console/TV/etc. Either you care about owning status symbols or you don't, I don't think taking one of them off the market would make a difference.

The peer pressures to have an iPhone within a lot of groups are very real and strong. Having a "Blue bubble" is shunned in many circles [1]. It's a sad reality. A part of it is likely iPhones managed to create a class of their own whereas nobody cares what brand of 65" TV someone has or who designed their 300 m^2 house. [1]: https://www.wsj.com/articles/why-apples-imessage-is-winning-...

I'm not sure if this is directly relevant since parent was discussing the pressure of owning the latest iPhone, not just an iPhone.

That said, I've read about the "blue bubble" phenomenon and it's truly a bizarre manifestation of consumerism. I'm European and the Android market share is really high over here, so I haven't witnessed it first hand.

Re: Large shares of consumers use social media out of a fear of missing out

#35

Post by rexpop »

tekla wrote: post #13
MattGaiser wrote: post #7

Earlier quoted context omitted.

Many are conscious about not having the newest stuff and would prefer the pressure not exist.

That's their own damn fault

The unhappy feeling caused by "keeping up with the Joneses" in a society rife with "conspicuous consumption" is not the fault of an individual, but rather the result of a complex interaction between personal, social, and environmental factors. For example, in unequal societies, where there is a large gap between the rich and the poor, people tend to have less trust in each other and in the institutions that govern them. Living in a less trusting society is obviously detrimental in ways that are hard to ameliorate for oneself as an individual.

Even counteractive techniques such as mindfulness, or gratitude journaling must first be acquired—and not "for free," either!

You insist, vehemently, that the fault lies with the insecure so, from whom are you trying to deflect blame?

Re: Large shares of consumers use social media out of a fear of missing out

#36

Post by teaearlgraycold »

nvoeiah wrote: post #4

>Among iPhone owners, a striking 91% of respondents indicate that they would prefer Apple to release the iPhone every other year rather than every year. Among respondents not owning the iPhone, this fraction is even larger, at 94%. I wonder why the 94% care so much about a phone that they do not even intend to own. I can't help but think that this study simply shows that more people should mind their own damn busines…

Not like they do much to the iPhone anymore. Why would a 14 Pro owner care about the 15 Pro?

Re: Large shares of consumers use social media out of a fear of missing out

#37

Post by oh_sigh »

kaashif wrote: post #19
mvdtnz wrote: post #3

Lots of people would be willing to do lots of things for lots of money until you actually give them the opportunity to do so. It's easy to spend hypothetical money.

I have literally asked people "would you pay $5 for this?" they say yes, then I tell them to buy it and they say no. When this kept happening I realised the only thing that matters in sales is... actually making sales. Everything else is window dressing.

Hence ABC - "always be closing"...giving interested people an extra second is giving interested people an extra second to get cold feet.

Re: Large shares of consumers use social media out of a fear of missing out

#39

Post by zlg_codes »

mkoubaa wrote: post #5

Reminds me of a high school fundraiser where students paid for 5 minute pauses to a day of nonstop beiber music

Sounds closer to terrorism than a wholesome fundraiser. I think maybe could do worse with Baby Shark or something.

Re: Large shares of consumers use social media out of a fear of missing out

#40

Post by zlg_codes »

nvoeiah wrote: post #4

>Among iPhone owners, a striking 91% of respondents indicate that they would prefer Apple to release the iPhone every other year rather than every year. Among respondents not owning the iPhone, this fraction is even larger, at 94%. I wonder why the 94% care so much about a phone that they do not even intend to own. I can't help but think that this study simply shows that more people should mind their own damn busines…

Who do you think popularized that release cadence, and paired it with a yearly conference?
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