Investment banking company Piper Jaffray conducted a survey between August 25th and September 30th for a report called “Taking Stock With Teens." The survey was given to 7,200 teenagers across 41 states that live in homes with an average income of $59,000. The participants were 47% female and 53% male. Instagram was voted as the favorite social media network and the iPhone as the preferred device, according to the report.
Of the teenagers that were surveyed, 73% said that their next phone would be an iPhone and 19% will be getting an Android. The iPhone figure is up from 67% and the Android figure is down from 24% as of April. Currently 67% of the surveyed teenagers own an iPhone, up from 61% in April. The survey reported that 10% of the teenagers owned a Windows-based tablet and 19% said that their next tablet will be a
In terms of social media, Instagram’s popularity surged between the spring and fall. The report said that 72% of the surveyed teenagers were active on Facebook as of April, but now it is down to 45%. Instagram usage jumped from 69% to 76%. The results for the other social networks are as follows:
Teenagers were not very enthusiastic about the $350
Why is Facebook losing popularity amongst teenagers? Many teenagers are concerned about receiving friend requests from "Generation X" users. Teenagers prefer to communicate with friends without being judged by parents and older users so they are flocking to platforms like Instagram, Twitter, Tumblr and Snapchat.
Facebook knew that Instagram had tremendous potential when it acquired the company two years ago for $1 billion. Instagram hit 30 million iOS users in only 18 months and was downloaded millions of times within 24 hours of launching on Android. The app lets users share photos from their mobile devices with retro image filters. Facebook plans to monetize Instagram by showing targeted image and video ads to users, which is currently being tested with a limited set of partners.
What are your thoughts about teenagers switching from Facebook? Do you think this trend will continue throughout the next few years? Let us know in the comments below!