Personal Finance Insider | Less than 1/4 of people upgraded their phones in 2016 @InsiderPersonalFinance | Uploaded September 2017 | Updated October 2024, 19 hours ago.
According to Mark Drukker, portfolio manager of the Fidelity Select Telecom Portfolio, smartphone sales growth could be unexpectedly strong this year. Drukker, points out that smartphone upgrades were low last year with less than a quarter of customers swapping their phones for a newer model at the top 4 carriers. He says many people will be forced to upgrade this year. Drukker says that this also means that people may switch carriers when they upgrade which could means shift in market share.
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Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
According to Mark Drukker, portfolio manager of the Fidelity Select Telecom Portfolio, smartphone sales growth could be unexpectedly strong this year. Drukker, points out that smartphone upgrades were low last year with less than a quarter of customers swapping their phones for a newer model at the top 4 carriers. He says many people will be forced to upgrade this year. Drukker says that this also means that people may switch carriers when they upgrade which could means shift in market share.
--------------------------------------------------
Follow BI Video on Twitter: bit.ly/1oS68Zs
Follow BI on Facebook: bit.ly/1W9Lk0n
Read more: businessinsider.com
--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
