Today we have two interesting charts from Bespoke.
The first, above, asks, “Do you own a smartphone?” with record breaking results of 97.2%. This shows that the industry has little room to sell to new customers.
The second, below, shows what is keeping the industry afloat: Upgrades. Due to higher initial quality, longer battery life, and the thought, “My old one pretty much does the same as the new one....” the holding period has increased to 66% of people holding phones more than two years.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
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