Less than 10% of Americans are spending $1,000 on a new phone

It might seem that everyone around you owns a high-priced flagship phone. But (via ), less than 10% of American consumers spend more than $1,000 for a new handset. So no, not everyone on the subway next to you is sporting the or the . And this means that the transition to 5G might not provide a big boost to the U.S. smartphone market as many expect.

5G, the next generation in wireless connectivity, will deliver download data speeds about 10 times faster than 4G LTE, and the faster speeds could draw in consumers who normally don't spend four figures on a new phone. ...

from PhoneArena https://ift.tt/38CBm0Z