$1.$ If you were to start up a smartphone company, what five entry barriers would you likely have?

$2.$ What phase of the industry life cycle model do you think the "video game console" industry is $($PlayStation$,$ Xbox, Wii, etc.$)$ and why? Support your answer with theoretical references.

$3.$ Will technology replace middle$-$class jobs? Discuss your answer with long$-$term implications for the workforce.