NAICS Code 423690-24 - Mobile Telephone Units (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423690-24 Description (8-Digit)

The Mobile Telephone Units (Wholesale) industry involves the distribution of mobile phones and related accessories to retailers and other businesses. This industry is responsible for the wholesale of mobile phones, smartphones, and other mobile devices that are used for communication and entertainment purposes. The industry is highly competitive and requires companies to stay up-to-date with the latest technology trends to remain relevant in the market.

Hierarchy Navigation for NAICS Code 423690-24

Tools

Tools commonly used in the Mobile Telephone Units (Wholesale) industry for day-to-day tasks and operations.

  • Mobile phone testing equipment
  • Mobile phone repair tools
  • Mobile phone unlocking software
  • Mobile phone flashing software
  • Mobile phone diagnostic software
  • Mobile phone battery testers
  • Mobile phone chargers
  • Mobile phone cases and covers
  • Screen protectors
  • SIM card cutters

Industry Examples of Mobile Telephone Units (Wholesale)

Common products and services typical of NAICS Code 423690-24, illustrating the main business activities and contributions to the market.

  • Smartphone distributors
  • Mobile phone wholesalers
  • Cell phone accessory distributors
  • Mobile phone parts suppliers
  • Wireless communication equipment wholesalers
  • Mobile phone battery wholesalers
  • Mobile phone charger wholesalers
  • Mobile phone case and cover wholesalers
  • Mobile phone screen protector wholesalers
  • SIM card wholesalers

Certifications, Compliance and Licenses for NAICS Code 423690-24 - Mobile Telephone Units (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Federal Communications Commission (FCC) Certification: Mobile phones and other wireless devices must be certified by the FCC before they can be sold in the US. The certification ensures that the device meets the FCC's technical standards and does not cause harmful interference.
  • Restriction Of Hazardous Substances (Rohs) Compliance: RoHS is a regulation that restricts the use of certain hazardous materials in electronic products. Compliance with RoHS is required for products sold in the European Union, but many US companies also comply with RoHS to ensure that their products can be sold globally.
  • Recycling Certification: The EPA's e-Stewards and R2 certifications are two of the most widely recognized certifications for electronics recycling. These certifications ensure that electronic waste is disposed of responsibly and does not end up in landfills or exported to developing countries. and
  • ISO 9001:2015 Certification: This certification is a quality management system standard that ensures that a company's products and services meet customer and regulatory requirements. Many companies in the mobile phone industry hold this certification to demonstrate their commitment to quality.
  • UL Certification: UL is a global safety certification company that provides safety testing, inspection, and certification services. Many mobile phone manufacturers hold UL certification to ensure that their products meet safety standards.

History

A concise historical narrative of NAICS Code 423690-24 covering global milestones and recent developments within the United States.

  • The Mobile Telephone Units (Wholesale) industry has a relatively short history, dating back to the 1980s when the first mobile phones were introduced. The first mobile phone was developed by Motorola in 1973, but it was not until the 1980s that mobile phones became commercially available. The first mobile phones were large and expensive, and only a few people could afford them. However, as technology improved, mobile phones became smaller, cheaper, and more widely available. In the 1990s, the introduction of digital mobile phones and the GSM standard led to a significant increase in the number of mobile phone users. In recent years, the industry has been driven by the introduction of smartphones, which have become an essential part of modern life. In the United States, the industry has been dominated by companies such as Apple, Samsung, and LG, which have introduced a range of innovative products that have transformed the way we communicate and access information.

Future Outlook for Mobile Telephone Units (Wholesale)

The anticipated future trajectory of the NAICS 423690-24 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Mobile Telephone Units (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for smartphones and other mobile devices. The rise of 5G technology is also expected to drive growth in the industry as consumers upgrade their devices to take advantage of the faster speeds and improved connectivity. Additionally, the increasing popularity of mobile payments and mobile banking is expected to drive demand for mobile devices. However, the industry may face challenges such as supply chain disruptions and increased competition from online retailers. Overall, the industry is expected to continue to grow in the coming years.

Industry Innovations for NAICS Code 423690-24

Recent groundbreaking advancements and milestones in the Mobile Telephone Units (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Foldable Smartphones: Foldable smartphones are a recent innovation in the mobile phone industry. These devices have screens that can be folded in half, allowing for a larger display in a smaller form factor. Samsung and Huawei are among the companies that have released foldable smartphones.
  • 5G Technology: 5G technology is the latest generation of mobile network technology. It offers faster speeds and improved connectivity compared to previous generations. Many new smartphones are now 5G-enabled, and the technology is expected to become more widespread in the coming years.
  • Augmented Reality: Augmented reality (AR) is a technology that overlays digital information onto the real world. AR is becoming increasingly popular in mobile apps, such as games and shopping apps.
  • Artificial Intelligence: Artificial intelligence (AI) is being used in mobile devices to improve features such as voice recognition and camera performance. AI is also being used to power virtual assistants such as Siri and Google Assistant.
  • Mobile Payments: Mobile payments are becoming increasingly popular, with services such as Apple Pay and Google Pay allowing users to make payments using their mobile devices. This technology is expected to continue to grow in popularity in the coming years.

NAICS Code 423690-24 - Mobile Telephone Units (Wholesale)

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