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20 Jul

Entry-level cell phones

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ABI Research released a new in-depth market report. It reports that Entry-level cell phones enjoy 24% annual growth through 2014. The world’s largest underserved markets for mobile communications are in developing nations and regions. Asia, Africa, Latin America all have vast potential, but formidable barriers stand in the way. Among the most immediate: the low disposable income of most of the population. Low cost and ultra-low cost cell phones are seen as part of the solution to that problem, and according to a new study from ABI Research the two categories together will see a compound annual growth rate (CAGR) of 24% over the next five years.

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