Wednesday, March 10, 2004

Hard to believe but true...

The article is entitled Cell Phone Vendors Ring Up Record Year. It says:There are roughly 6 billion people on the planet -- this means that 1 out of every 11 people worldwide got a new cell phone handset last year. That's a lot of handsets...

Since half the people on the planet are subsisting on less than $1,000 per year, we can probably imagine that they aren't buying cell phones at the moment. So it is more like 1 out of every 5 people with any disposable income bought all those new handset last year. Imagine what the market for cell phones would look like if we could figure out a way to raise the standard of living of the poorest 3 billion people.

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