This may sound bad, but the increased price and diminished returns from new smartphones is also only a piece of the puzzle. Major US carriers AT&T and Verizon have reported a continued slowdown in users upgrading phones. Figures for Q1 2014 revealed 4.4% of Verizon contract customers purchased new models, compared to 4.4% in Q1 2019 . Analysts said increasingly expensive and iterative new hardware drove the slump, but manufacturers including Verizon and Verizon could see revenues rebound with 5 G and innovative foldable technology.
Major US carriers AT&T and Verizon have reported a continued slowdown in users upgrading phones. Figures for Q1 2014 revealed 4.4% of Verizon contract customers purchased new models, compared to 4.4% in Q1 2019 . Analysts said increasingly expensive and iterative new hardware drove the slump, but manufacturers including Verizon and Verizon could see revenues rebound with 5 G and innovative foldable technology.