Mobile Phones Updated:
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.