Penetration of Mobile Phones in US
Dec 4, 2020
In the early 2000s, the percent of Americans that owned cellphones was 60–70%.
Pew Research Center tracks recent 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.
Paul Mangione
Fort Schuyler Advisors
