Global mobile service revenue is likely to contract in...
Global mobile service revenue is likely to contract in 2018 -- for the first time “in the history of the mobile industry,” research firm Ovum said Thursday. Although annual global sales in 2018 will reach $1.1 trillion, that will be…
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a 1 percent decline -- or $7.8 billion -- from projected figures in 2017, Ovum said. The number of global mobile connections will continue to rise -- from 6.5 billion in 2012 to 8.1 billion in 2018, Ovum said. The decline in revenue will mean carriers “will need to find new ways to serve customers more profitably, not just focus on increasing subscriber numbers,” Ovum said. It said any revenue growth through 2018 will be driven by the Asia-Pacific market, where connections are set to rise to 4.2 billion by 2018, as well as South and Central America. Africa will have the strongest revenue growth, with a forecast 4.2 percent compound annual growth rate, Ovum said (http://bit.ly/19CRcXI).