Monday, February 12, 2007

Boom time for mobile phones


The popularity of mobile phones cannot be doubted even by the most skeptical among us. In the modern world that we inhabit, people from all walks of life own a mobile phone. The concept of "staying connected even when you are on the move" have caught on and caught on fast.

The popularity of mobile phone handsets has transgressed all geographical boundaries, with global sale of mobiles growing by around 19% in 2005. The use of mobiles is not limited to developed nations alone. People in hitherto unexplored territories such as India and Africa are also realizing the usability of mobile phones in different spheres of their day to day lives.

Leading handset manufacturers such as Motorola, Samsung, LG Electronics and Nokia have benefited tremendously from this boost in demand for mobile phones from emerging markets. Mobile users have been delighted with innovative handsets such as Motorola Razr V3, Samsung D500 etc.

There have been reservations from buyers regarding shortage of components for some of these handsets. But even this damper has not been able to adversely affect the total global demand for innovative and user-friendly mobile phone handsets. Thus, being a manufacturer of mobile phone handsets or for that matter a mobile network operator, is emerging to be a highly profitable business option in the present context.

This tempo of demand for mobile phones is building up and building up fast. Innovative networking technologies and third-generation mobile phone handsets are gradually becoming the industry standard for mobile telecom industry. Users are finding a lot of advanced features in their mobiles, such as mega-pixel cameras, mp3 players and capabilities for video conferencing and video calling.

Along with existing users, the first-time buyers from North America, Africa as well as the Indian subcontinent are expected to play a pivotal role in maintaining this pace in the demand for mobile phones. With coming of age of 3G mobile networking technology, the demand for mobiles phones is anticipated to remain buoyant in the foreseeable future.

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