2 Billion Cell Phones by Year's End

The consulting firm Deloitte & Touche forecasts that the global cell phone market will grow to 2 billion users by the end of 2005, driven largely by developing economies in Asia and Latin America. This will represent an increase of 500 million mobile phones since mid-2004.

The firm also predicted that some established mobile phone markets will see 100% saturation in 2005. Meanwhile, mobile phones and voice over IP (VoIP) services will combine to put market pressure on traditional fixed-line carriers.

Source: CNN.com