Consumer Electronics
Phablet Devices Post Fastest Mobile Device Growth
Published:
Last Updated:
Researchers at Flurry Analytics, a Yahoo! Inc. (NASDAQ: YHOO) company that conducted the study, conclude that “the mobile industry has found a killer form-factor.” The combination of the larger screen and simple navigation with far more portability are the primary reasons for the growth of phablets.
The apps driving phablet growth are sports; news and magazines; and music, media and entertainment. Usage of sports apps rose 30% on smartphones and tablets, but rose 158% on phablets. News and magazine app usage grew 53% on phones and tablets and rose 144% on phablets. Music, media and entertainment app usage grew 103% on phablets, compared with growth of 29% on the other mobile devices.
ALSO READ: Who Will Buy the Samsung Galaxy S6?
The super-charged growth may be partially attributed to the fact that the base in January 2014 was low and that any growth would be relatively large. But the introduction of the iPhone 6 Plus last fall almost certainly provided the biggest push. Flurry says that the phablet is a “game-changer” and the “killer media-consumption device.”
Flurry also noted that the real victim of the phablets’ success is the mobile Web:
Since the ascension of phablets, the total time spent in apps compared to mobile web picked up an additional 2%, increasing total time spent in apps to 88% of total time spent on mobile in the US, versus 12% on the mobile web. This is compared to 86% and 14% respectively in April of 2014. Our data shows that this shift is predominantly attributed to phablets.
While growth in entertainment usage and news reading is not terribly surprising, the giant leap in phablet usage for watching sports is a surprise. If there is a single compelling reason to subscribe to pay TV it has to be sports coverage. If consumers are voting with their wallets for more mobile access to sports, those wildly expensive sports broadcasting contracts could be worth far less if they do not include mobile access. The times could indeed be a-changing.
ALSO READ: 10 Disappearing Middle-Class Jobs
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.