Hey there NSquared readers. We stumbled across this article regarding cellphones and thought you may want to check it out. See, The Meteoric Rise of Cellphones in 1 Chart, below:
“The Meteoric Rise of Cellphones in 1 Chart
According to a new report released by the United Nations, the number of mobile phone subscriptions will reach a projected 6.8 billion by the end of 2013. That means that in only six months, there will be nearly as many mobile phone subscriptions in the world as there are people. (At present the global population is a little more than 7 billion.)
Image courtesy of United Nations
Ninety-one countries already had more cellphones than people in 2011. Latin America already has more than one cellphone per person; Macao and Hong Kong already have more than two cellphones per person. The growth in some emerging economies is eye-popping. In Kuwait, for example, mobile cellular subscriptions have more than quadrupled since 2008. That boosted the ratio of cellphones to people in the country from under 60 per 100 people, to over 200 per 100 people.
The rate of cellphone growth won’t continue to outpace population growth indefinitely. In fact, it has already started to taper. Fast-growing developing countries already account for over 77% of the world’s cellphone subscriptions. Subscription growth rates have slowed to the lowest levels ever — roughly 6% in developing countries and 4% in developed ones.
This article originally published at Quartz here
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