When we think of wireless networks, we now think of smartphones. But in 2017, for the first time, more cars than phones were added to US cellular networks, according to a new report from industry consultant Chetan Sharma.
Why it matters: While there were more cars added, the money is still in smartphones, which have a higher monthly service fee and generate the bulk of carrier revenue and profits. Nonetheless, as smartphone sales level off, other types of devices will become increasingly significant in the wireless network market.