He attributed that to price, which is lower on cassette than on disc in most instances, and entrenched consumer habits.
Nigeria's P2P digital payments traffic compared to Kenya, however, has been slower to scale largely due to entrenched consumer preferences for cash and a more cumbersome fintech regulatory environment.
There is no way to avoid major disruptions in the face of climate changes, in a "good land" of material abundance and deeply entrenched consumer life styles.
"We believe recovery could be slower than expected," Jami Rubin, a Goldman analyst, warned investors, noting that generic alternatives may now be entrenched with consumers.
If many of the first wave of businesses seeking to exploit the internet in the late-1990s had faltered, the web only became more deeply entrenched in consumers' lives, largely thanks to the spread of broadband.
The big three smartphone platforms are already too entrenched in consumer's minds.
But if one believes these are becoming more entrenched as consumer must-have products, NTY, the leading manufacturer and distributor, may meat or beat the consensus 15% long-term EPS growth-rate forecast that figures prominently in the calculation of an attractive, 0.82, PEG ratio.
Even in booming emerging economies core consumer prices are rising much more slowly than they were in 2008.Over time, temporary price pressure can become entrenched, through either consumers' expectations of future inflation or workers' demands for higher wages.
In this complex web, the consumer's voice is often drowned out by entrenched interests.Not all consumers, of course, focus primarily on price.
There are already a number of other startups also looking to move in on this emerging space who are struggling to comprehensively convince entrenched merchants, banks and consumers that this is the way forward.
