Patents:
Patent 1:
Patent 2:
Patent 3:
Existing products:
Product 1:
Product 2:
Product 3:
Potential market:
According to appleinsider.com 17.4 million Iphone 7's were sold globally in the first quarter of 2017. In our survey 33.7 percent of the 250 responses said that they would like to see the problem of keeping valuables in your phone safe. We then multiplied 33.7% X 17.4 million to get 5,863,800 as our potential market share.
Summary:
While researching products that exist for our problem, we did not come across anything that does what we are envisioning. All of the products that we found just simply have pockets for your valuables, The problem with those designs, is that if your phone is stolen they can easily steal all of your credit cards and money. People might be less inclined to steal a phone if they can't also get money from the device. So our product aims to fix this problem by making a case that has a "safe" on the back, that can only be opened by entering a code into an app on your phone. We also found that our poential market for this product is at least 5,863,800 people with this product.