"Product obsolescence" refers to the situation when a product becomes outdated or no longer useful because newer or better versions or alternatives are available in the market. Full definition
Of course, in our «right now» world, maybe offers of lifetime guarantees have effectively outlived their viability and even their marketing value in an age where the demand for instant gratification is intense and overnight product obsolescence is virtually assured. (inc.com)
There are incremental improvements that can be made as technology changes, but by - in - large, insurers do not face product obsolescence or industry threatening disruptive technologies. (valuewalk.com)
Businesses that rarely have to change their products have a much lower risk of product obsolescence. (valuewalk.com)