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One Year In: Data Usage Surged During Pandemic

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US Data Usage During Pandemic

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US Data Consumption

The Briefing

  • In 2020, average in-home data usage in the U.S. increased by 18% compared to 2019
  • Activity reached its peak in the spring, during the initial stages of the pandemic
  • While overall consumption grew in 2020, the share of use across devices remained fairly consistent

One Year In: Data Usage Surged During COVID-19 Pandemic

Americans spent a lot of time at home last year, as offices closed, schools shut down, and cities went into full-blown lockdown in an effort to flatten the curve.

Because of this, in-home data consumption in the U.S. surged. To provide some perspective, this graphic shows the average monthly data usage in 2020 compared to 2019.

Percent Change by Month

At the start of 2020, data consumption was up 16% compared to 2019, driven largely by streaming boxes and smart TVs.

But by March (when the World Health Organization officially declared COVID-19 a pandemic) usage had spiked, with a 28% increase compared to the year prior.

Month (2020)YoY Change
January16%
February16%
March28%
April36%
May30%
June14%
July13%
August19%
September14%
October11%
November19%
December (1-27)12%

Interestingly, March’s increase was largely driven by phones (43%), smart TVs (41%), and streaming boxes (36%), while PC/Mac consumption experienced a low increase in comparison (9%).

However, more Americans started using their PC/Macs from home in April, presumably because of the shift to remote work. From spring onward, desktop usage growth hovered at around 20-25%. And by December, PC/Mac use had grown 34% compared to the year prior.

Usage by Device

It’s worth noting that, while overall data consumption increased in 2020, people’s consumption habits didn’t change all that much.

DeviceShare of Use (2019)Share of Use (2020)YoY change
Smart TV20%23%3%
Gaming Console26%23%-3%
PC/Mac11%11%--
Phone6%6%--
Smart Speaker1%1%--
Streaming Box/Stick32%32%--
Tablet4%4%--

In fact, when it came to the share of use across devices, the only ones to see any change were smart TVs and gaming consoles.

At least some things remained relatively normal in 2020.

» Want to learn more? Check out our COVID-19 information hub to help put the past year into perspective

Where does this data come from?

Source: Comscore
Notes: Comscore (NASDAQ: SCOR) is a trusted partner for planning, transacting and evaluating media across platforms. For more information on research and methodology, contact [email protected]

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Datastream

Here’s What $1,000 Invested in Vaccine Stocks Would Be Worth Now

Ever wonder what you would have gotten if you invested $1,000 into the different vaccine stocks at the start of the pandemic?

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Vaccine stocks performance during the pandemic

The Briefing

  • Three of seven COVID-19 vaccine stocks have outperformed the S&P 500 since the beginning of the global pandemic
  • Novavax is the highest performing vaccine stock, returning 1,549% to shareholders

Vaccine Stocks During a Pandemic

It’s often said that with every crisis comes great opportunity.

While such catastrophes do create upheaval and uncertainty in financial markets, they can also lead to new opportunities for investors, as asset classes react to different environments.

Since the World Health Organization (WHO) declared COVID-19 to be a pandemic on March 11, 2020, the performance of vaccine stocks have been varied—but with some notable winners that notched triple or quadruple digit returns.

Here’s how much a $1,000 investment would be worth as of March 31, 2021, if you had put money into each vaccine stock at the start of the pandemic:

StockValue of Investment% GrowthMarket Cap ($B)
Novavax$16,4911,549.1%$14.3
Moderna$5,019401.9%$59.9
BioNTech$3,247224.7%$31.3
Johnson & Johnson$1,25225.2%$419.8
Pfizer$1,12212.2%$207.2
AstraZeneca$1,12112.1%$93.8
Sanofi$1,0969.6%$105.2

The Business of Vaccines

The returns on vaccine stocks have varied greatly. They are staggering in the case of Novavax and Moderna, but also seem quite underwhelming, when considering the likes of Sanofi, AstraZeneca, and Pfizer.

One factor for the discrepancy in stock price performance is the revenue potential from vaccine sales relative to the rest of the existing business, as vaccine sales will have a much greater impact on the fundamentals of smaller companies.

For example, before the pandemic, Novavax had revenues of just $18.7 million—this meant that capturing any portion of global vaccine sales would create massive value for shareholders. On the flipside, vaccine sales are much less likely to impact the fundamentals of Sanofi’s business, since the company already is generating $40.5 billion in revenue.

To put it into perspective, analysts are expecting total sales from COVID-19 vaccines to be around $100 billion, with $40 billion in post-tax profits.

Vaccine Stocks vs the S&P 500

Even in a booming and valuable industry, it’s difficult to identify the long-term leaders. For example, in the mobile phone market, there was a time where the likes of Motorola, Nokia, and Blackberry appeared untouchable, but eventually lost out.

Similarly, with the limited information available at the start of the pandemic, few, if any, could have separated the winners and losers from this group with accuracy.

In the past year, the S&P 500 grew 44.9%—meaning that only three of the seven vaccine stocks have seen their share prices outperform the market.

Nobody said helping solve a global pandemic guarantees a pay off.

Where does this data come from?

Source: S&P Global Market Intelligence
Notes: Investment growth is calculated between March 11, 2020-March 31, 2021. All market capitalization values are as of March 31, 2021.

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Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap

Bitcoin is now part of a select very few assets that hold a market cap greater than $1 trillion. How long did it take to get there?

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Bitcoin fastest asset to $1 trillion

The Briefing

  • Bitcoin (BTC) hit a $1 trillion market cap in just 12 years, making it the fastest asset to do so
  • Investor sentiment towards BTC appears to be at extreme bullishness, with the asset adding roughly $500 billion in market cap just in 2021

Bitcoin is the Fastest Asset to Reach $1 Trillion

The world is moving forward at an accelerated pace. Historically, it’s taken multiple decades for companies to be worth $1 trillion. For bitcoin, it took just 12 short years to reach such a milestone.

To help put things into perspective, here’s a look at how long it took America’s biggest tech companies to reach the $1 trillion market cap.

AssetTime To Reach $1 TrillionCurrent Market Cap
Microsoft44 years$1.9 trillion
Apple42 years$2.2 trillion
Amazon24 years$1.7 trillion
Google21 years$1.5 trillion
Bitcoin12 years$1.1 trillion

Market caps as of April 12, 2021

Extreme Bullish Sentiment

Bitcoin has been subject to widespread commotion in markets.

At the start of 2021, the cryptocurrency had a more modest market cap of $500 billion, but has gained more than another $500 billion since. An onslaught of headlines has contributed to extremely bullish investor sentiment, including:

1. CEOs begin to show interest
Elon Musk and Jack Dorsey have made sizable investments in bitcoin through Tesla and Square, respectively. It’s estimated the gain from Tesla’s $1.5 billion bitcoin investment was greater than the profits from the entirety of their business in 2020.

2. New ETFs on the block
Multiple Bitcoin ETFs focused were recently approved by Canadian regulators and some have already launched on the Toronto Stock Exchange (TSX). For many years, the Grayscale Bitcoin Trust (GBTC) was the only readily accessible investment vehicle trading on equity markets that had exposure to BTC.

3. Financial institutions finally joining in?
Mastercard, Visa, and Bank of New York Mellon have made announcements to make it easier for customers to use cryptocurrencies.

On to the Next Trillion?

Future projections for the price of bitcoin are garnering more extreme and widening price targets.

The accelerated rate of change today has many of the Big Tech companies already inching closer to the next trillion in value. Will bitcoin follow suit?

Where does this data come from?

Source: coinmarketcap.com
Notes: Financial data is as of April 12, 2021

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