Figures from Verizon and AT&T show why the U.S. smartphone market is struggling

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When Verizon and AT&T both reported their first-quarter earnings earlier this week, the data that came out confirmed something that has been apparent for some time; U.S. consumers are no longer upgrading their phones every two years. This is one of the reasons for sluggish smartphone sales in the country, along with higher prices and lack of innovation.
BTIG analyst Walter Piecyk disseminated a pair of tweets (via The Verge) the other day pointing out that during the first quarter of 2019, AT&T’s upgrade rate dropped to a record low 3.5%. That is down …

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