Mobile phone market seen to reach 2 billion users in '05

The global mobile phone market is set to grow to 2 billion subscribers by the end of 2005, fuelled by strong demand from developing economies in Asia and Latin America, Deloitte & Touche said on Tuesday, reports USA Today.

"The consulting firm said it expected voice calls to continue to be the primary driver of profits and revenues for mobile phone companies, with volumes continuing to grow steadily on the back of falling prices and rising ease of use.

The mobile industry had 1.5 billion users in June last year.

"The most compelling and lucrative mobile content will continue to revolve around phone personalisation, such as ring tones, real tones, wallpapers and basic games," Deloitte said in its 2005 outlook for the telecoms sector."

emily | 11:37 AM | Random Stats / Infographics |
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