The document discusses the product life cycle of the Motorola Razr V3 cellphone. It describes the four stages of the product life cycle: introduction, growth, maturity, and decline. It provides details about the Razr V3's introduction in 2004 and its popularity through 2006, selling 50 million units. As smartphones like the Blackberry and iPhone were introduced, sales of the Razr V3 declined. By 2008, it was beginning to exit the market as flip phones decreased in popularity and consumers switched to touchscreen models.