cell phone industry news
June 5th, 2008Apple is doing fairly well in the cell phone business. They are trying to get 1% of the market. This doesn’t sound like much but it really ads up to some money and profits. This 1% is about 10 million units sold. I recent survey was done on how many people will actually buy the new apple ipod. 1 out of 10 people said they plan to buy one. Another 7 % they plan to buy on as a gift for someone. The cell phone market world wide is about 1 billion cell phones. Apple just wants 1% in the first year. Seems they should reach this goal without much effort. The iPhone’s overall integration of iPod, Phone, Camera and Email/Internet capability is the main selling point to buy one.
Motorolla is currently the leading company making the phones with a 33% market share. Lg is the second largest with 15% and nokia has 14%.
I remember back at my junior year in high school we had to choice a stock to write a report about. This was for a economics class. Now that I remember this story my teacher did a kit kat commercial and bragged about it for basically one period. He ended up dropping the prop in the river. The crew wasn’t happy about this since it was expensive. He was kyacking on the river in the scene. I remember him not wanting to tell us what his royalties were. I’m sure it was so low it would be embarrising to mention. So for this project I picked Altell the big telecom provider. I just recently read they got bought out by verizon for 28 billion. It seems verizon is the leading right now in the cell phone market and maybe the land line phone market as well. The accessories market is seeming to grow as well. People like to buy the phone skins to personalize there phone. Also the cell phone chargers are likely to sell well as the market for cell phones is climbing compared to land lines.