Youth spends more on mobile phones than music
LONDON - Britain's youth are spending more on mobile phones than music, according to latest research.
The research by mobile technology research firm mobileYouth claims that under 25 year-olds spend five times as much of their disposable income on mobile phones, calls, texting and content as they are with music retailers.
This equates to 11% of all spending in this age group, who spend an average of £238 a year on mobile phones and just £49 on music.
It is also claimed that this age group could be worth as much as £3bn a year to the mobile phone market compared to just £0.6bn for music retailers.
Graham Brown, research director at mobileYouth, said: "Britain's youth would rather spend their money on the latest mobile gadget than the latest band. This clearly highlights the issues facing the music industry are far more complex than just piracy."
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