The market for wireless handsets reached $110 billion in 2005 and is predicted to grow by 23% and exceed $136 billion in 2006. According to a report from In-Stat, it will continue to grow but at a slower rate, exceeding $250 billion in 2011. To put this in perspective, if wireless handsets were a sovereign country, it would be the 53rd largest economy, right behind Ireland, but growing more than twice as fast as China. This growth is not preordained and depends upon phone manufacturers continuing to add features that consumers value and that the rest of the industry can support. The greatest challenge is to add the features different customers want without adding unneeded cost or complexity from unneeded or unwanted features.
The Big Trends For Cell Phones, 2006-2011
www.in-stat.com
The Big Trends For Cell Phones, 2006-2011
www.in-stat.com