Apple Inc.'s AAPL iPhone ownership has more than doubled among teenagers in the last decade, states a survey.
What Happened: As of Sept. 23, 87% of U.S. teens own an iPhone, while 88% expect an iPhone to be their next smartphone, according to the survey by Piper Sandler of 14,500 teenagers.
The percentage has more than doubled since 2012 when a comprehensive study of 5,600 U.S. high schoolers showed that 34% of students own an iPhone, reported MacRumors citing Piper Jaffray.
Additionally, 31% of teens own an Apple Watch, up from 30% in the fall of 2021.
The survey report also found that phones were the most preferred method by teens for customer service interactions.
Why It's Important: Since spring 2018, teen iPhone ownership has been more than 80%. In the June quarter of 2022, the iPhone's share of the U.S. smartphone market touched the 50%-mark for the first time since its launch in 2007.
Alphabet Inc.'s GOOG GOOGL android operating system-powered smartphones made up the remaining market. This includes smartphone manufacturers like Samsung Electronics Co (OTC SSNLF) and Lenovo Group Limited LNVGY.
Read Next: Apple Suppliers Slowly Boosting U.S. Presence To Cut China Reliance
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