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Global Mobile Phone Sales Post First Decline Since 2009

Tyler Durden's picture


One of the fundamental creeds held by the proponents behind every new technology and gizmo market, including cell phones, smart phones, tablets, Sony Walkmen, 8-tracks, VHS tapes, juice extractors, tape rewinders, etc., is that their growth rate (and by implication the consumers' discretionary income), is completely dissociated with gravity and will grow at a far faster pace than global economic growth virtually in perpetuity. This is the case until empirical evidence reminds them, and everyone else, that gravity eventually always wins. Which is precisely what happened with global mobile phone sales, which in 2012 posted their first decline since the cataclysmic 2009. Gartner reports that the global cell phone market declined by 1.7% in 2012, down from 1.78 billion devices sold in 2011 to 1.75 in 2012. "Tough economic conditions, shifting consumer preferences and intense market competition weakened the worldwide mobile phone market this year," the report says.

More on the findings:

Samsung and Apple continued to dominate the market, with the Korean giant selling 385 million phones in 2012, of which 53.5 per cent were smartphones, with Apple selling 130 million smartphones.


Chinese company Huawei was third spot in worldwide smartphone sales for the first time in the fourth quarter, Gartner said, selling 27.2 million smartphones in 2012, an increase of 74 per cent.


Gartner said it expects sales of feature phones – ie any phone that is not a smartphone - to continue falling this year.


Another reason for the drop is the weakening demand for feature phones, which possess some smartphone abilities but are limited. While smartphones had record sales and were up 38.3% for the fourth quarter of 2012, feature phone sales fell by 19.3% -- and that decline is expected to continue.

Before smartphone proponents argue this is merely rotation out of a commodity into a premium space, read this:

Gartner said while the demand for iPhones in the fourth quarter, consumer demand favoured the less expensive iPhone 4 and 4S. It added the arrival of the iPad Mini also created a dilemma for some users when deciding if to upgrade an iPhone 4 or iPhone 4S to an iPhone 5, or buy the new tablet.

So while there is an element of conversion into ever more feature rich offerings (aka margin compression), the fundamental gating factor is no longer coolness, or hipness, but the simplest one of all: the bottom line.

This also means that the margin compression that has been haunting firms such as Apple will not only continue but accelerate, as the peak growth phase has passed, and now, just like in the sovereign arena, it is a race to the margin bottom.

Finally, since the preservation of optimism is key, Gartner leave on a slightly bullish note:

As a whole, however, the report predicts the mobile market will do better next year. Gartner says it expects mobile sales to reach 1.9 billion in 2013 -- with a 1 billion coming solely from smartphones.


It also says 2013 will be the year of the third ecosystem, as carriers try to break free from the influence of Apple and Google Android while Microsoft's Windows Phone 8, BlackBerry 10 and others duke it out.


"Alternative operating systems such as Tizen, Firefox, Ubuntu and Jolla will try and carve out an opportunity by positioning themselves as profitable alternatives,” the report says.

Alas, Gartner's forecast is surprisingly reminiscent of what it said a year ago, when it too forecast a continuing growth in sales. Sadly, for both Gartner, and the entire human race, what happens next nobody can see, as whatever will be, will be purely a function of the unintended consequences of the actions of a few select central planners who do everything in their power to convert fiat into wealth (by dilution).


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Wed, 02/13/2013 - 15:16 | 3240805 arm50
arm50's picture

we're all waiting for that fucking watch

Wed, 02/13/2013 - 15:31 | 3240849 Say What Again
Say What Again's picture

B, B, But that guy on CNBC said the ecomony is all betta.

He said that I should BUY, BUY, BUY everything I can.

I should go -- "All In"

I can get a Casio for about $8 to $10.  Why do I need a piece of fruit on my wrist?

Also, AAPL is stealing someone's idea.  They had them on CNBC ~3 months ago.  CNBC made a big deal about the new innovation (i.e. green spew) that is surrounding the Crapple.

Wed, 02/13/2013 - 15:40 | 3240880 fonestar
fonestar's picture

Fuck the central planners, the consumer kulture and their planned obsolecence.

I don't own a "smart phone" or any other consensual tracking device.  My quad core IBM Lenovo can do WAY more than a "smart phone" and barely costs any more.

My money is in gold, silver, guns & ammo.

Wed, 02/13/2013 - 16:04 | 3240967 SilverTree
SilverTree's picture

I got my Samsung Note 2 in the mail today. :-)

Wed, 02/13/2013 - 16:12 | 3240984 Manthong
Manthong's picture

You know that emaciated little Biafran/Nigerian kid with the flies on his face (like the president's) that you’ve seen in all the "feed the hungry" ads?.

He needs to upgrade from his beaten up iPhone 3.

Wed, 02/13/2013 - 16:23 | 3241016 Almost Solvent
Almost Solvent's picture

He needs to die off along with most of the 3rd world so I can live high on the hog and not have to worry about sharing my standard of living with 3rd world fuckers wanting a piece of my living standard.

Wed, 02/13/2013 - 18:49 | 3241409 Ying-Yang
Ying-Yang's picture

and I read this from the fucking "Cloud"

The cloud can kiss my ass.

Wed, 02/13/2013 - 18:28 | 3241366 smacker
smacker's picture

The way to avoid tracking is to buy a PAYG mobile phone with cash and always top it up with cash. Only switch it on when you want to use it. Nobody knows who owns it.

Wed, 02/13/2013 - 16:08 | 3240976 chrispycrunch
chrispycrunch's picture

"we're all waiting for that fucking watch"


The irony.

Wed, 02/13/2013 - 16:21 | 3241004 cramers_tears
cramers_tears's picture

The metric system, flyin' cars, more liesure-less work and that fuckin' watch.

Wed, 02/13/2013 - 17:08 | 3241144 flattrader
flattrader's picture

Where's my fucking jet pack?

They promised there'd be jet packs...

Wed, 02/13/2013 - 15:16 | 3240808 camaro68ss
camaro68ss's picture

rut ro - scubby doo

Wed, 02/13/2013 - 15:21 | 3240820 EmmittFitzhume
EmmittFitzhume's picture

How many Obama Phones were "distributed"  recently?

Wed, 02/13/2013 - 15:21 | 3240822 LongSoupLine
LongSoupLine's picture

Fuck...this is fucking huge.  I better call someone!

Wed, 02/13/2013 - 15:24 | 3240837 centerline
centerline's picture

No no no.  You are supposed to video conference them while calling someone else and texting at the same time... while driving on the freeway and eating nachos.  It's called "multi-tasking."

Wed, 02/13/2013 - 16:56 | 3241105 Solon the Destroyer
Solon the Destroyer's picture

I'm actually quite distraught... Does this mean we're going to see fewer narcissistic nymphs posting naked self pix on themselves on the interwebz?  I'm going short the interwebz then... it's all about the content, people!

Wed, 02/13/2013 - 15:23 | 3240823 CunnyFunt
CunnyFunt's picture

Figure everyone's 2-year contract is up and they don't want another 2-year rape.

Edit: F.U. AT&T

Wed, 02/13/2013 - 16:28 | 3241028 dtwn
dtwn's picture

Republic wireless (not affiliated) is where its at.  $20 a month  and no contract.  When they have more phones and phones that can be rooted I think their popularity will explode.

Wed, 02/13/2013 - 16:36 | 3241051 CunnyFunt
CunnyFunt's picture

Thanks for the tip, amigo.

Wed, 02/13/2013 - 17:44 | 3241242 WillyGroper
WillyGroper's picture

Well, that was interesting. Thanks. The catch being 3G so it's slow unless ur using wifi. The major carriers push using wifi also, but this should kick'em in the nads.

Wed, 02/13/2013 - 15:22 | 3240829 centerline
centerline's picture

The honeymoon is over already?

Wed, 02/13/2013 - 17:55 | 3241285 NumberNone
NumberNone's picture

Kind of a bullshit story to use as illustration of phone sales decline.  Yes, feature phones are dying but the smartphones are increasing but the price point is higher so selling fewer and people are holding on to them longer.  

This is like saying 'Holy shit, television sales are dropping' when people were moving from black&white to color. sales are dropping but it's not the same technology being bought or discarded.

Wed, 02/13/2013 - 15:23 | 3240832 EscapeKey
EscapeKey's picture

Personally, I'm waiting for the Oppo Find 5 to be widely available. Time to give a Chinese phone a try.

Or I might just wait for the Samsung Galaxy S4/Note 3.

Wed, 02/13/2013 - 15:28 | 3240847 Tijuana Donkey Show
Tijuana Donkey Show's picture

Free chinese backdoor hack with every device! 

Wed, 02/13/2013 - 15:34 | 3240863 EscapeKey
EscapeKey's picture

Unlike our good, old, Western backdoors.

Wed, 02/13/2013 - 15:50 | 3240920 slackrabbit
slackrabbit's picture

Or NSA. A hacker proved Android sends all data back, and Wired magazine confirmed it.

Wed, 02/13/2013 - 21:16 | 3241667 thisandthat
thisandthat's picture

I might too if it just had mem card (dealbreaker), replaceable battery (bad) and headphone jack (usb just not the same). I'll pass.

Wed, 02/13/2013 - 15:23 | 3240835 A. Magnus
A. Magnus's picture

People sre finally figuring out that having food in your fridge is a much more useful status symbol than a piece of shit, slave-labor made government tracking platform...

Wed, 02/13/2013 - 15:30 | 3240854 NotApplicable
NotApplicable's picture

I'd guess it to be more of weighing the value of the sunk cost already in your hand, vs. the value gained from any upgrade. That fifth row of icons was hardly a game-changer, and nowhere near worth the price.

Wed, 02/13/2013 - 15:34 | 3240864 timbo_em
timbo_em's picture

Take a look at the recent food stamps chart. To me it looks like sheeple want to have both and want someone else to pay for it. The same is holds for other developed countries.

Wed, 02/13/2013 - 15:52 | 3240924 WTF_247
WTF_247's picture

Don't worry - if demand for iphones drops too far, Obama will mandate that all food stamps are distributed via app directly to your iPhone.  Then everyone will need an Obama phone to get paid, demand through the roof and APPL to 1000!!!!....

Wed, 02/13/2013 - 15:50 | 3240918 WTF_247
WTF_247's picture

That and the iKiddies that used student loan money to purchase the latest and greatest over the years are now in the real world without a job.  No job, no buying.

Wed, 02/13/2013 - 15:28 | 3240842 RSBriggs
RSBriggs's picture

Phones have reached that same level that PC's have hardware wise - where improvements are made in smaller and smaller increments and the current model is "good enough" to last you several years.  No need to buy the newest version every 6 months in order to have the latest bells-and-whistles or sufficient performance to play the hottest new game.  

They've reached what I'd call the Windows-XP level - sufficiently stable enough to use for years, upgrade to WIndows 7, 8, or whatever comes along next not especially needed ...  Android had a lot to do with that.

Wed, 02/13/2013 - 15:35 | 3240869 EscapeKey
EscapeKey's picture

If you had said XP->Vista, I would agree. But XP->W7 was a pretty major step up.

Windows 7 is a pretty damn awesome OS.

Wed, 02/13/2013 - 15:49 | 3240915 RSBriggs
RSBriggs's picture

Agree, it's far superior to Vista (which sucked horribly), but there are still MILLIONS of computers that run XP out there, and will continue to do so for years - expecially in the corporate world..  600,000 where I work - with plans to transition them to Windows-7 by 2017, because Microsoft is forcing them to do so.  

And what does Windows-7 really provide that XP didn't?

Wed, 02/13/2013 - 15:53 | 3240926 forwardho
forwardho's picture

I run my company on win/97

Why fix that which works just fine.

Wed, 02/13/2013 - 15:58 | 3240942 EscapeKey
EscapeKey's picture

native 64-bit, DX11, improved user directory structure, updated desktop, kernel is much improved (which leads to better drivers and improved stability), better security settings (uac), faster boot, aero, improved stability, ...

Wed, 02/13/2013 - 18:18 | 3241335 smacker
smacker's picture

That sounds like a sales pitch.

To people who know how to use a PC and want to be in control of it, Win7 intentionally makes it more difficult. I use XP-Pro-SP3 on my self-built desktops and Win7 HP on two laptops. XP is far better for me. With XP: I AM IN CONTROL. AND I never use anti-virus bloat or s/w firewalls on any of my systems! Just a NAT router to keep the crap well away.

Thu, 02/14/2013 - 06:58 | 3242525 EscapeKey
EscapeKey's picture

Win7 intentionally makes it more difficult, as the majority of people out there know very little about PCs. And having spent ages cleaning PCs using Hijackthis and equivalents, I can assure you that's a good thing. In terms of admin control, provided that you know what you're doing, there's very little difference. Under the bonnet, in terms of ring 0 driver requirement and relevant security settings, I can assure you there's a lot.

And stop replacing the 's' in Microsoft for a '$' sign. It really detracts from your argument, as it makes you sound as if you're 14.

Wed, 02/13/2013 - 16:01 | 3240950 SoCalBusted
SoCalBusted's picture

XP -> Win7 is not a must have nor compelling.  BUT, what MS has done is shut off the upgrade path for MS applications such as IE.  IE 9 is not available in XP, IE 8 is the limit.  IE 8 is not compatible with many web sites, thus forcing people to either change browsers or upgrade to Win 7.  My theory is part of the decline in IE use is due to people choosing to take the path of least resistance and switch browsers rather an going throught the hassle of upgrading their OS.

Wed, 02/13/2013 - 16:03 | 3240959 CunnyFunt
CunnyFunt's picture

Or just use Mozilla. Fuck IE.

Wed, 02/13/2013 - 16:07 | 3240974 SoCalBusted
SoCalBusted's picture

Sure, for personal use, but still needs to be supported for software development.

Wed, 02/13/2013 - 22:05 | 3241808 SoCalBusted
SoCalBusted's picture

Downvote?  Guess you never had to develop software for customers that set the requirements, duh.

Wed, 02/13/2013 - 18:08 | 3241323 smacker
smacker's picture

"And what does Windows-7 really provide that XP didn't?"

Very little from a user-functional pov. Maybe better Wi-Fi connectivity capability. But offset by a lot of other crap.

Wed, 02/13/2013 - 19:44 | 3241513 DosZap
DosZap's picture

I had XP IE 7 for years, loved it, I COULD work on it, and control IT, not like Win7.

Which IMHO is a POS.(esp for AT&T users).

Microsoft has a real nasty habit of Changing OS, before they have even worked the bugs out of the one 12-18 mos old.

Vista Sucked, and IE 9 Sucks, 8 was ok, 7 Better.

Now they are (for a change) basically GIVING away Win 8, and few are biting.

Every change (upgrade), is less user friendly, and hides crap from you that was an open book on IE7 XP Svc Pk3.

Any browsers that use Google or I run from.Every Android I have looked at(Samsung & HTC/LG,etc, depend on Google), which is a goobermint info machine.


Wed, 02/13/2013 - 16:30 | 3241035 dtwn
dtwn's picture

I agree, I actually rather like windows7.  No problems whatsoever.  It was a nice move from xp to 7.

Wed, 02/13/2013 - 18:04 | 3241311 smacker
smacker's picture

"Windows 7 is a pretty damn awesome OS."


Whereas XP-Pro will be written in history as the peak of Micro$oft's O/S achievements.

Wed, 02/13/2013 - 18:01 | 3241302 JuliaS
JuliaS's picture

I currently own no phone of any kind. Got tired of them half a year ago, but even before then, there was only one time I ever bought a phone in late 90's. After that I kept of finding discarded phones left by the kind of people that tend to upgrade every revision cycle. I never had to spend money on anything other than the airtime and avoided contracts all together.

Most communication I do nowdays is via e-mail, instant messanging or in person. I have an emergency cell phone in my car with an airtime card that's ready to be activated if the vehicle breaks down in the middle of nowhere. Have no use for a phone otherwise. No monthly bills, no telemarketers and no annoyance.

Wed, 02/13/2013 - 15:27 | 3240845 ebworthen
ebworthen's picture


Turns out when food gets really expensive there IS something electronic you can do without.

Wed, 02/13/2013 - 15:35 | 3240866 Sturm und Drang
Sturm und Drang's picture

So, you can eat iStuff.

Wed, 02/13/2013 - 15:27 | 3240846 Tsar Pointless
Tsar Pointless's picture

iHave an old crappy Samsung Cricket phone, which iNeed to charge every day. That's how old it is.

iWill not buy a "smart" phone. Never ever ever.

iAm holding on as long as iCan to my current POS phone.

Wed, 02/13/2013 - 16:22 | 3241015 DutchR
DutchR's picture

Buy a new battery on ebay, dirt cheap, give the phone another round.


Wed, 02/13/2013 - 15:37 | 3240872 NoWayJose
NoWayJose's picture

'Intense market competition' does not cause declining sales.  If anything, intense market competition lowers the price and stimulates overall sales, while reducing margins.  

Wed, 02/13/2013 - 15:50 | 3240916 forwardho
forwardho's picture

Thank you! That statement flies in the face of economic reality.

Oh, wait a minute... so does current market.

Wed, 02/13/2013 - 16:41 | 3241075 Solon the Destroyer
Solon the Destroyer's picture

First think I thought too, reading the article. 

Double plus good post for you, sir.

Wed, 02/13/2013 - 15:37 | 3240875 bnbdnb
bnbdnb's picture

Getting better, makes everything worse.

Wed, 02/13/2013 - 15:48 | 3240907 WTF_247
WTF_247's picture

Phone market is no different than the PC market - once you get a certain level of performance and features, there is no reason to go get a new one every 6 months - the one you have is fine for a few years.  I would imagine we are close to the peak on phones in terms of speed/performance.  There is only so much you can do with a smartphone, only so much computing power needed.  Maybe a higher resolution camera, perhaps speedier graphics.  At some point the incrementalism of the improvements makes people put off paying for a new phone since new models don't do much more than existing.

The only thing the phone market has going for it is breakage and loss.  People drop their phones all the time or lose them - something that does not happen with PC computers.

Wed, 02/13/2013 - 15:48 | 3240909 Jason T
Jason T's picture

I don't have one... don't want one.  


Aggregate demand collapse bitchez.  In 10 years, the leader of Smartphones will be that Chinese maker.  They put out 20 engineers for every 1 we do in the U.S.. 

Wed, 02/13/2013 - 15:51 | 3240922 seek
seek's picture

This doesn't suprise me -- same thing is happening -- but worse -- in the PC market. 2012 had its worst on-year performance since 1985.

I deal with consumer electronic statistics daily, and it's was pretty obvious in Q3 that were were seeing a 2008-collapse level decline in product sales. This is reflected in most of the major supplier's earnings (Intel, AMD, Dell, HP, etc.)

TPTB did a much better job hiding this second collapse than the first one, but if you dig into the data it's obvious, and clearly some of the macro-level data posted frequently on ZH shows the same thing, that we had another big hit to the economy 2H2012.

I don't think they can hide much more of this, even the slowest people I've talked to are well aware that there's a disconnect between what they're being told (and the stock market) and the reality they're living in.

Wed, 02/13/2013 - 16:09 | 3240979 CheapBastard
CheapBastard's picture

same thing happened with flexible cables....drove Lucent almost bankrupt when investors realized there were billions of excess cable being cranked out, flooding the market.....

Wed, 02/13/2013 - 17:59 | 3241298 smacker
smacker's picture

Isn't the drop-off in PC sales largely due to Smartphones and iPads/tablets etc?

Wed, 02/13/2013 - 15:54 | 3240931 TradeRush
TradeRush's picture

Mobile phones sales may have declined. I seriously doubt smartphone sales have though.

Wed, 02/13/2013 - 17:39 | 3241224 smiler03
smiler03's picture

Did you even read the article???

"Another reason for the drop is the weakening demand for feature phones, which possess some smartphone abilities but are limited. While smartphones had record sales and were up 38.3% for the fourth quarter of 2012, feature phone sales fell by 19.3% -- and that decline is expected to continue."

Wed, 02/13/2013 - 15:57 | 3240937 Shizzmoney
Shizzmoney's picture

I have a Samsung Exhibit II 4G.  It's a great phone.  I've also rooted the shit out of it (so much so I don't get the government SMS texts....maybe I'm off the grid? How 31733 of me).

Either way, I don't mind that they track me. 

Jack Knifed Booted Statist: "Mr.Shizzmoney, we tracked your phone and saw you were at a strip club 4 times this week"

Me: "Yes I was.  I wanted to go before YOU also make that illegal."

Wed, 02/13/2013 - 15:59 | 3240947 azzhatter
azzhatter's picture


Wed, 02/13/2013 - 16:01 | 3240951 jmcadg
jmcadg's picture

I think you'll find many people have just decided "I don't fuckin' need an iphone 5, my iphone (4s, 4, 3gs - fill accordingly) is pefectly good enough thanks"

Personally I'm happy with my 32GB 3GS, still perfectly good. Added to that I'm now out of my 'rape' period with vodafone and I'm going to get a £10 per month rolling contract with Tesco Mobile and save £45 per month.

Wed, 02/13/2013 - 16:05 | 3240969 CheapBastard
CheapBastard's picture

Do people really need yet another iPhone? Kids' jeans are already sagging down below thier crotches exposing their (dirty) they need more 'stuff' in their pockets?

Wed, 02/13/2013 - 17:43 | 3241237 smiler03
smiler03's picture

I think you missed a feature of smartphones. They come with superglue that acts as soon as the users first handle their phones. They need surgery to have them removed.

Wed, 02/13/2013 - 16:11 | 3240986 JLee2027
JLee2027's picture

1 billion smartphones to be sold in 2013 / 1.9 billion total devices, most or all needing more silver than previous models, aka, the luminous and in demand retina display. 

Nope, no silver shortage here. Move along folks, nothing to see.


Wed, 02/13/2013 - 16:19 | 3241002 JLee2027
JLee2027's picture

The 1.7% 2012 "decline" was due to Apple not being able to keep up with demand for iPhones, iMacs, Ipad minis, and Google Nexus 4/7/10 - same problem. All can be traced back to LG display, aka the new luminous screens "production" issues.

But it's not shortage of silver. Nope, can't be.

Wed, 02/13/2013 - 16:52 | 3241103 edifice
edifice's picture

There is no silver shortage. You can go to APMEX right now and buy $ millions worth with no problem.

Wed, 02/13/2013 - 19:50 | 3241516 JLee2027
JLee2027's picture

Because you don't understand what I'm talking about. I'm talking about buyers of size, not buyers of a few ounces. If Apple needs silver to make 500 million iBabbles, do you think they buy from APMEX? Of course not. They get it directly from the mines. And 2+ million ounces per day comes out of the ground. So what's the problem? More than that is used every day in factories or hoarded by investors. This has been going on for so long that stockpiles of silver are gone. So, yes, try asking for delivery of several tonnes of silver and see how long you have to wait.

Let’s see the stages of a shortage (as defined by Israel Friedman around 2006). Now this isn't when you buy 10 ounces of metal. It's when you want a million ounces right now.

  1.  Pre-shortage – the users will have to wait 3 to 6 weeks extra for shipments. Then the prices can rise to $20-30/oz.
  2.  Shortage – the users will wait an extra 6 weeks to 4 months for silver. Then the prices can rise above the old all-time highs of $50/oz.
  3.  Super shortage – the users have to wait more than 4 months for their silver shipments. The price will range from $100 to prices you won’t believe.

We are currently in Stage 2, and possibly soon to be Stage 3 since COMEX will not allow prices to rise to alleviate the metal shortage.

Wed, 02/13/2013 - 22:11 | 3241822 Mesquite
Mesquite's picture

In a similar vein...Notice how long it took Mr. Chavez to get his people's Au back home..??

Thu, 02/14/2013 - 00:05 | 3242094 JLee2027
JLee2027's picture

German automaker hoarding silver, fears of market shortage:

Why does the German company store dozens of pallets of silver in a secure vault deep in the mountains of Switzerland? It’s simple, really. So that the metal is there when the carmaker needs it. As one purchasing manager explained later in my travels, “For some metals, like silver, there’s no such thing as ‘just in time’ delivery anymore.”
Wed, 02/13/2013 - 16:39 | 3241059 Rentenmark
Rentenmark's picture

Repbulic's website says they use Sprint's network...yuck.  As someone who finally just left Sprint, I can tell you that you don't want anything to do with their worthless network.  Unless you like standing in the middle of a major city with no data, or having every call drop.

I went off contact with Tmobile.  Thought long and hard about Straight-talk, but their data shut off and lack of customer service scared me off.  Baby steps I least I'm no longer handcuffed to Sprint!

Wed, 02/13/2013 - 16:43 | 3241077 slightlyskeptical
slightlyskeptical's picture

Did anyone actually believe the amount of phones sold would continue to grow forever?

I think people have decided they now need other things. Like curtains to prevent spying by drones. and guns to shoot them out of the air.

Disclosure - I have neither, but I do have six phones.

Wed, 02/13/2013 - 16:49 | 3241094 edifice
edifice's picture

Maybe it's just that people are content with the current level of technology built into the phone? I mean, who needs a quad-core phone? So you can play Angry Birds while taking a shit? Surprised someone hasn't come up with a rival game for this purpose: Angry Turds.

Or, it could very well be that no one has any fucking money...

Wed, 02/13/2013 - 17:10 | 3241150 vato poco
vato poco's picture

"What happens next, nobody knows"??

Sure we do. Geometric progressions inevitably form their own anchors. Maybe not tomorrow, maybe not next year, but soon. Hell, I learned that when I was 13.

Wed, 02/13/2013 - 21:44 | 3241746 SKY85hawk
SKY85hawk's picture

This author blames reduced cell phone sales as the source of the world’s problems.  Not one word of Bank’s investment failures, ie. Mortgage  fraud & Investment stupidity.

Seems that he never heard of Harry Dent.  It WILL take more time before TPTB acknowledge what they already know. 

How many of you were adults in 1966 to 1981? 

Remember stagflation and that large numbers of people were retiring AND spending less!

I hope you can connect the dots from here. 

If not read this,



Wed, 02/13/2013 - 17:33 | 3241208 reader2010
reader2010's picture

I was led to believe there were a billion strong Chinese consumers eager for those damn phones.

Wed, 02/13/2013 - 18:55 | 3241421 css1971
css1971's picture

Nokia are selling their Asha smartphones at about ~1/8th the price of an iPhone 5. ~$100 sans contract is the top end device too. The cheapest is I think about $50.

Thu, 02/14/2013 - 01:21 | 3242278 Northern Lights
Northern Lights's picture

I don't have a cellphone and you can't make me buy one!

Thu, 02/14/2013 - 01:32 | 3242292 Northern Lights
Northern Lights's picture

You know what I would pay good cash of those cellphone interferance scramblers.  It's a simple little box that when you flip the switch, disrupts the wave patterns sent to any and all cellphones within a 30 ft radius.  Check out youtube and search for the video's.  They're hilarious. Some of the best stories I've heard are people doing this in a cafetaria to someone using their phone and they get so frustrated they smash their phones on the floor.  I'd gladly pay the current retail cost of an IPhone5 for one of these scramblers!!!!

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