The graph demonstrates the annual data of money spent on cell phones and residential phones, where the comparison is done between these two services, from the year 2001 to 2010. The unit is illustrated in dollars.
Overall, with the changes and adaptation of new technologies in society, the demand for mobile phones has increased, while the use of residential phones has steadily lost popularity over time.
Regarding landline telephones, they reigned supreme by dominating other electronic devices in the beginning of 2001, where citizens spent more than $650 annually. However, in this era, new technologies were being developed, and the attraction steadily declined until 2006, with spending less than $600. Likewise, the transaction experienced a dramatic fall from $520 to $480 in the years 2006 and 2007, respectively. Thus, the income declined to $400, following the same pattern by the end of the period.
In 2001, mobile phones were introduced, and fewer people were engaged with them. Later on, they went viral, and the demand increased rapidly, reaching $300 by 2002. Despite being expensive, the use of mobile phones experienced a substantial peak at $620 by 2007. Mirroring the same pattern, the data surged to more than $700 by 2010, making mobile phones the most usable electronic devices.