The line graph illustrates a comparison of the annual average money spent on cell phone and residential phone services by Americans over the course of 9 years, starting from 2001.
Overall, it is clear that in this 9-year period, there was an inverse trend in the amount of money spent on mobile phone and residential phone spending. While the latter witnessed a significant increase, the latter dropped significant compared to the beginning of the period. Additionally, mobile phone spending recorded higher figures than residential phones’ from 2006 onwards.
In 2000, the average Americans spent on cell phone services was the lowest, at only $200. However, there was a sharply rise to nearly $600 in the amount of money spent on this service in 2006. Over four following years, Over the following years, this figure continued to growth, reaching a peak of nearly $800, making it become the most popular services through the period
Turning to residential phone services, this figure initially recorded at $700, which is higher nearly four times than cell phone services. Notably, in 2006, while cell phone services witnessed an upward trend, the Americans spent less on residential phone services, decreasing to $600. After four years, the annual average money spent on this type of service by Americans decreased to a low of $400.