It is evidently clear from the discussion that the smartphone market is increasing and exploding in complexity and therefore, it can never be considered as a single segment which has a specific market and requirements as needed for its technology. This segmentation has created large differences in the hardware requirements. The underlying technologies have become smaller, cheaper and more powerful. The stakeholders are well-known for the new technologies in mobile phones and the way they are handling multi-media. A generation of stakeholders has grown up by using smartphones and PDAs in their private life.
In the present day’ s university and high school students represent the new generation of stakeholders. They are the present and the future customers. Stakeholders will be happy to give the feedback in order to enhance the system for which they are using by themselves. While the stakeholders wait for a system reaction or for a service, for example, at an ATM counter, there is an occasion to get a feedback. The lack of interconnectedness standardized and widely accepted procedures of payment which are needed for successful m-payments and also for the commercialization of smartphones.
“ This may be a consequence of the significant number of potential stakeholders and vested interest in the area of m-payments including banks, mobile network operators, credit card companies, and third-party payment companies, which all have proposed various models aimed at streamlining the m-payment market” . Sustainable development means that there has to be a development without causing any effects to the environment and there has to be a balance between the both. The importance of the sustainable development is different and depends on whether we are considering a remote village in Africa or a suburb in the United States or any other place.
Over the years, communication and storytelling have changed a lot. In the present days, there is instant sharing of news and information. With the help of internet and smartphones, one can receive an abundant and instant flow of information.
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