A World Talking To Itself: Cellphones Hit 50% Worldwide Usage

Telecom & Wireless

Published: February 7, 2008 6:30 am

ET will not have to phone home. He can talk to more than half of the world’s population. According to stats from the US, cellphone penetration will hit 3.3 billion people this year.

According to The Wall Street Journal "ownership rates in developing countries are rising fastest, with Brazil, Russia, India and China accounting for one billion subscribers last year."

That includes people who bought a phone, but can’t afford to pay for service.

The news is bound to be music to the ears of companies like Nokia (NYSE: NOK), Samsung, and even embattled Motorola (NYSE: MOT) at some point every one of those phones will need to be replaced or upgraded. Over 3.3 billion handset sales is as big as any market in the world.

Douglas A. McIntyre

The Average American Is Losing Momentum on Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%* today. Checking accounts are even worse.

But there is good news. To win qualified customers, some accounts are paying nearly 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

^*https://www.fdic.gov/national-rates-and-rate-caps