Penetration of Mobile Phones in US
Recently came across a post I made on Silicon Investor in 1996.
"... projections on growth of cellular and other wireless devices in the US. In '95, 12% of the US population owned cellular phones. By '00 that number will be around 60-70%."
The 60-70% was a good approximation at the time. I wanted to see where the levels are now.
Pew Research Center tracks data on the percent of Americans that own cellphones and smartphones. 96% own cellphones with 81% for smartphones.
As mobile banking continues to grow, we should see the smartphone penetration reach the 96% level. Cost to the user is the likely deterrent.
SI Post: https://lnkd.in/dQMdJWp
Paul Mangione
Fort Schuyler Advisors
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