Cell Phone Market Continues to Advance and Expand

Press Release - June 15, 2007

Over the past two decades, the mobile phone has changed the way we work, play, and communicate, like almost no other device in history.

The world has a total of over 2.8 billion cell phone users, and should surpass the 3 billion mark sometime this year. According to Motorola Chairman, Sir David Brown, however, the wireless industry initially had no idea that mobile communication would catch on to the extend it has.

Brown says that during the mid 1980s, most industry insiders predicted worldwide demand for around 900,000 cell phones by the year 2000, but by the time the new millennium rolled around, the devices were selling at a rate of 900,000 every 19 hours.

And even now that the wireless communication market has largely reached its maturity in North America and Europe, demand for new, more advanced handsets remains high, while developing markets bolster the sales of entry-level devices.

“The power of mobile communications just keeps on getting greater and greater,” according to Mark Newman, the Chief Research Officer at Informa. “As users, we are getting more and more dependent on these devices.”