Mobile phone industry 'remains strong' - Mobile Phones - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Mobile phone industry 'remains strong'

Mobile phone industry 'remains strong'

Category: Mobile Phones

Updated: 06/04/2009
First Published: 06/04/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The mobile phone industry is likely to remain strong despite the global recession taking hold, it has been suggested.

Matt Hatton, principal analyst at telecoms strategist Analysys Mason, explained that mobile phones have become "ingrained" in business as well as personal life.

He noted that people would give up a range of other expenditures before they eliminated these, making the sector "fairly recession-proof".

Rather than cut out mobile phones, Mr Hatton said that people will try to cut back by looking for cheaper options, perhaps switching from contracts to pre-paid deals.

However, "the mobile phone industry will actually ride the recession reasonably well", he remarked.

A recent report by the International Telecoms Union, published in conjunction with the United Nations, indicated that 61 per cent of the world's population now use mobile phones.

However, mobile broadband penetration was shown to remain relatively low at five per cent, with fixed broadband at six per cent.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

EE customer? You could have been overcharged

EE has been fined £2.7m by Ofcom, the UK’s telecoms regulator, for overcharging tens of thousands of its customers – and you may be one of them without even realising.

Plans to improve mobile switching are unveiled

Do you wish it was easier to switch mobile phone provider? It can be difficult to know where to start, particularly as there are different processes depending on whether you keep your existing phone number or not, but happily, that could change.

Failings revealed in mobile phone insurance sector

An investigation by the Financial Conduct Authority (FCA) has uncovered a series of issues in the way claims are handled by mobile phone insurance companies.