Today, Verizon shared a press release highlighting strong revenue numbers and a significant number of added lines in the second quarter of 2021. For me, the most interesting part of the press release was this line:
I’d been wondering how much penetration 5G had in the U.S. market. Verizon is something of a premium carrier, so it probably has a higher proportion of customers on 5G-capable phones than the wider market. Based on Verizon’s statement, I’d guess at least 10% of U.S. consumers, probably closer to 15%, are now using 5G-capable phones.
Consumer ended second-quarter 2021 with approximately 20 percent of wireless phone customers having 5G-capable devices.