Verizon Creates a Smartphone Plan for Kids
Most parents struggle with deciding when to get their children a smartphone. It's an added cost, but it comes with the ability to keep track of your kids and get in touch at a moment's notice.
Children, of course, also represent a growth market for wireless providers. If they can get parents to pull the trigger sooner, that results in more revenue per family. That's important, since the overall market for smartphones has been largely stagnant.
The global market actually shrank slightly in each of the past two years, according to data from International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. IDC forecasts 3% annual growth in 2019 with a five-year projected growth rate of 2.5%.
Source Fool.com
