5G may be a new growth point driving smartphone sales. According to Deloitte’s Connectivity and Mobility Trends Report, released this week, 67 per cent of users surveyed said they would choose to buy once a 5G-compatible phone appeared. According to Deloitte, 16 percent of those surveyed said the next phone would feature 5G, 26 percent said the preferred quality was reliable, and 22 percent preferred to buy according to the brand.
According to Deloitte, about a third of those surveyed used older phones for two or more years, while less than 60 percent said they would buy new smartphones within the next two years. Deloitte attributed this largely to two factors, first of all, more than half of those surveyed believe that the current phone is sufficient to meet all their needs, or that the new phone does not offer new features worth upgrading. Second, Deloitte noted that more than 40 percent of respondents said they had no plans to upgrade for economic reasons.
“With operators rolling out 5G networks in the U.S., consumers will soon be embraced if they deliver on their promise spree for faster connectivity and better network coverage,” Kevin Westcott, Vice President of Deloitte, said in a press release. Large networks and studios will continue to roll out their own streaming media and other services that rely heavily on traffic, such as online multiplayer games, augmented reality (AR) and virtual reality (VR), to help accelerate the attraction and retention of users. “
The launch of 5G will not only drive users to upgrade their phones. According to the Deloitte report, 62 per cent of respondents said 5G speeds could rival fiber optics, and they might switch home Internet to 5G WiFi. In addition, more than 40 percent of Gen Z consumers said they would play more mobile video games if 5G went live. About 35 percent of Gen Z and Millennials say 5G availability will change the way they use augmented reality and virtual reality.