The given line graph illustrates the average costs of mobile phones, laptops and televisions from 2020 to 2026, while the bar chart depicts how different age groups payed for these electronic devices in 2020.
Overall, it is clear from the graph that laptop prices are higher than other categories and it is estimated to be like that by the year 2026. Also, most of the customers preferred to buy them outright in 2020.
In detail, a laptop costed approximately 2000 USD in 2020, and it increased gradually to just under 2500 USD until 2024. After 2024, it is estimated that the growth will slow down for 2 years, and the price will be around 2500 USD in 2026. Additionally, in 2026, mobile phones will be a little more costly than in the year 2020; cell phones costed about 1200 USD in 2020, and it is predicted to be slightly under 1500 USD in 2026. However, television is the only one category which experienced a moderate decline in prices. A television was nearly 1500 USD in 2020, and the predictions show that it will fall by rouhgly 500 USD in 2026.
Regarding the payment methods, outright paying was the most common method among the adult and elder individuals, although the young adults mostly preferred other ways to pay. Elder people who payed outright were more than three quarters, whereas two tenth of them went with a payment method. Besides, payment plan was the significantly popular method for the customers aged between 18 and 25.
