Millennials preference for smartphone : a conjoint analysis

Abstract

The decision to buy smartphones comes with consideration of several factors, especially among millennials who have been known to be very painstaking when it comes to smartphone specs. Hence, this study was conducted to provide a scenario on how millennials behave when it comes to buying smartphones, and identify the relative importance of the features or attributes (battery, screen size, storage, storage space and main camera resolution) in determining millennials' best and least-preferred models of a smartphone. A total of 400 millennials responded in a market survey which employed 20 software-generated plancards. Using non-metric conjoint analysis (a marketing research technique), this study found out that as far as millennials in Digos City are concerned, screen size of a smartphone is the most important attribute, while the battery of a smartphone is the least important attribute. On aggregate, a smartphone with six inches screen size is most preferred, while a smartphone that has a non-removable battery is the least preferred attribute level. Additive model of conjoint analysis further revealed that the most preferable smartphone is one that has a removaThe decision to buy smartphones comes with consideration of several factors, especially among millennials who have been known to be very painstaking when it comes to smartphone specs. Hence, this study was conducted to provide a scenario on how millennials behave when it comes to buying smartphones, and identify the relative importance of the features or attributes (battery, screen size, storage, storage space and main camera resolution) in determining millennials' best and least-preferred models of a smartphone. A total of 400 millennials responded in a market survey which employed 20 software-generated plancards. Using non-metric conjoint analysis (a marketing research technique), this study found out that as far as millennials in Digos City are concerned, screen size of a smartphone is the most important attribute, while the battery of a smartphone is the least important attribute. On aggregate, a smartphone with six inches screen size is most preferred, while a smartphone that has a non-removable battery is the least preferred attribute level. Additive model of conjoint analysis further revealed that the most preferable smartphone is one that has a removable battery, with six inches screen size, has a microSD slot storage, with 64 GB storage space and 12 megapixels as main camera resolution, while the least preferred combination is one that has a removable battery, four inches screen size, no microSD slot storage, 16 GB storage space and 16 megapixel main camera resolution. Implications on this market research are also discussed. Keywords: business administration, millennials, smartphone, preference, conjoint ra resolution, while the least preferred combination is one that has a removable battery, four inches screen size, no microSD slot storage, 16 GB storage space and 16 megapixel main camera resolution. Implications on this market research are also discussed. Keywords: business administration, millennials, smartphone, preference, conjoint analysis, Philippines