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Chart of the Day: Smartphones

Crews Bank & Trust Wealth Management Services May 4, 2023

Contents

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.

smartphones2

 
Chart of the Day

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Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

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