Matt Richtel (NYTimes Technology) poses a thought that must be on the minds of those leading our wireless carriers in the U.S:
"With new subs falling in 2008, and predicted to fall in 2009, what's next? Price wars?"Richtel quotes Industry Analyst Craig Moffett from Sanford C. Bernstein & Company as saying,
Moffett points to the fact that the fourth quarter saw the lowest growth rate ever for the U.S. wireless industry.
"This industry is collapsing...The whole wireless business is grinding to a halt."
It makes sense. But don't you think collapse is a bit....strong? I certainly understand his "grinding to a halt" analogy, which is not too different from many other industries who've come to a screeching halt since last summer.
The word collapse just has a way of conjuring up visuals of wireless executives donning sandwich boards and standing on street corners.
Actually (scratching head....), I suppose that doesn't sound so crazy after all.
*read Richtel's full story, HERE