While the price of smartphones is still prohibitively high at 8 percent of average annual GDP per capita, data cost has dropped from 3 percent to 1.3 percent since 2015, allowing more people to afford using a phone more.Competition from Chinese hardware makers, Indian carriers like fast-rising Jio and e-commerce players from all over is benefiting customers, as are Prime Minister Modi’s banking, power, broadband and startup initiatives.Ubiquitous, cheap, convenient-to-rent bike sharing has led to staggering 100 percent month over month increases in bike sharing, to over 20 million users, which drives C02 emission reduction.The Chinese are rapidly replacing cash and bank cards with mobile payments for smaller transactions like bike sharing, street food, mobile top-ups and live streaming tips.An important possibility is that while kids these days are waiting longer to get started, they’re catching up during an extended “early adulthood” that lasts until age 30 or so.(Twenge’s core finding is that teens are growing up more slowly than they used to, and Regnerus tells us of a 32-year-old subject who didn’t lose her virginity until age 22 but has had about 20 sexual partners since.) Those born in the ’90s and later — ’s focus — won’t start hitting 30 for a few years yet.Netflix grew 6.7X to roughly 175 billion monthly minutes of video delivered per month since 2010, while the top TV networks declined an average of 10 percent.Netflix has grown to 30 percent of home entertainment revenue, but still earns much less per user than TV, indicating room to grow revenue per user as people cut the cord.
E-sports viewing time was up 40 percent year over year, while 43 million people watched the League of Legends finals, prize money is growing, media and sports companies are buying franchises and rights and an equal number of millennials strongly prefer e-sports over traditional sports.
Americans are actually losing their virginity later than they used to, for example, with the typical teen waiting until eleventh grade; for Generation X, tenth grade was the norm.