Cell Phones Have Reached Saturation Point

With cell phones having reached a saturation point in the US market, declining consumer spending and a lack of must-have new features could add up to the industry's worst year ever. "People have been replacing their old phones steadily for the past few years, but as the economy goes down, they're not spending as much," said Allen Nogee, a principal analyst at In-Stat. Moreover, he says, the cell phone industry may have reached its apex when it comes to adding new features, which had been a prime selling strategy for cell phone makers and service providers.