Can they be considered maturing products?

Question

I am just asking this from a academic point of view.

Back in the old days, we have many types of PCs, eg, HP, Fujitsu, Apple, Commodore, Atari, etc.

These days, literally all of the PCs are modelled after the orginal; IBM PC. Intel and AMD has also become the main processor manufacturers.

Likewise, in the aircraft industry, back in the good old days, there were McDonald Douglas, Boeing, Gunman, Northorp, Rockwell, General Dynamics.

These days, only a few are left, Eg, Lockheed Martin, Boeing, Northorp, etc.

Are these the characteristics of a maturing product? When products mature, do they outdo each other first? Are the examples I cited above characteristics of a maturing product?

Answer 1

Frequently, when something new hits the market, there will be kinks in it...because as it is applied to the real world...when in use...glitches are discovered. If you offer a good product; it will continue to develop and improve. Some things follow trends and then disappear from view. Others fill needs that aren't present in today's market. So yes, many products and services grow better with time and then mature (not unlike people)...while others have served their purpose.