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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

About the Author

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

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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