Can the Cellphone Industry Keep Growing?

By MATT RICHTEL
The New York Times
February 4, 2009

Cellphone sales are falling, manufacturers have announced thousands 
of layoffs and wireless carriers are finding it harder to acquire and 
keep customers.

It seems like another tale of "recession bites industry," but there 
are signs that this downturn is masking something more fundamental: 
that the cellphone industry's best days are behind it.

Analysts and investors are beginning to ask whether the industry can 
continue growing. The challenge is both simple and daunting: how to 
expand when more than half of the six billion people on the planet 
already have phones. And even in developing countries where there are 
underserved markets, subscribers spend less on phones and services.

...


http://www.nytimes.com/2009/02/04/technology/companies/04cell.html

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