Phillips

Strengths:

Sustainability – Solar charging electricity uses the sun's natural light to power the device

charger instead of conventional methods.

Versatility – Combining a traditional wallet and a solar-powered charger allows for multiple

functions.

Convenience—People who depend on their devices being charged will have to carry one less

item, as their wallet now doubles as a power bank.

Weaknesses:

Cost – the solar charging technology would make production costs higher than traditional leather

or cloth.

Durability – the solar charging technology could falter from mishandling or normal wear and

tear.

Size—Because of the solar panels and charge port, the wallet would undoubtedly be bulkier than

your standard fold wallet.

Opportunities:

Demand for eco-friendly products—as green design and sustainability are thriving, now would

be an excellent time to enter the market.

 Phillips

New markets—Since most people use a wallet and have a mobile device, I could create my own

niche, pulling from tech industries and people who spend substantial time outdoors.

Government Incentives – Grants and tax incentives are given to businesses implementing

sustainable products and services.

Weaknesses:

Competition – More established brands with larger R&D teams could introduce a similar

product at potentially lower costs.

Tech Advances—As new products are released, charging methods could change, making the

wallet's features obsolete.

Regulations—When dealing with electronic devices and batteries, there are rules that could

disrupt production if not followed carefully.