Cell Phones for Everyone
The annual survey on cell phone use in the US came out last week. A couple of interesting things struck me. We now have 303 million subscribers and a population of 311 million. That means we have one cell phone for everyone over the age of 2 here in the US.
The total cumulative capital investment since 1985 is $310 billion or about $1,000 per phone in use. That strikes me as a really small investment given the communication capabilities. I suspect that our hardwired phone system cost a whole lot more.
The return on that investment also appears to be pretty healthy. The average monthly bill is $47.21 or $566 per year. New investment is running about $25 billion per year or 15.6% of gross revenues. That's a fairly hefty investment rate for an industry, although this one is still growing rapidly.
Amazing stuff.
Labels: microeconomics
posted by Scott Gustafson at
3/27/2011 10:55:00 AM
2 Comments:
No wonder that mobile phones are considered as one of the best buy gadgets in this time. Due to high demand of people using these gadgets, many phone companies are starting to build up businesses in this field. Even growth in their investments grows in just a short period time.
As you can see the rate of the persons using cell phones are now increasing. No doubt that many aims to have a gadgets. Technology brings so much change in the life of every citizen. As years passed, the concepts of gadgets are new every time.
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