Thousands in debt over their mobile phone bills

Posted on: November 12th, 2013

Whilst smartphones have improved people’s lives tremendously, it has come at a cost. New figures show that last year the MAT (Money Advice Trust) received almost 18,000 calls to its debtline from people were in financial difficulty due to their phone bill. What’s interesting is that this is three times as many calls as they received in 2007, which is the year the iPhone was released and when modern smartphones really exploded in popularity. Read more details by clicking the headline below.

Thousands in debt over their mobile phone bills

 

In a technology-led age the smartphone is considered one of life’s essentials.

But the cost of paying for these mini mobile computers is plunging thousands into debt, it has been revealed.

The Money Advice Trust (MAT) dealt with 17,766 calls to its National Debtline about telephone debt problems last year.

This represented a three-fold increase from 2007 – the year the iPhone was launched.

The national charity is on course to deal with record calls this year with 13,389 between January and August, a 15 per cent increase on the same period a year ago.

 

Source: http://www.dailymail.co.uk/

 

Tying in with this story is news that smartphones now account for over half the mobile phones that are sold. This is significant news as only last years smartphones accounted for 40 per cent of total mobile phone sales where as in the last quarter they accounted for 55 per cent. Read more details by clicking the headline.

 

Over half of mobile phones sold in the last quarter are smartphones

 

Smartphone uptake continued its strong momentum and accounted for around 55 per cent of all mobile phones sold in July-September period, says a report by Ericsson.

“Throughout the world there is continued momentum for smartphone uptake. These devices accounted for around 55 per cent of all mobile phones sold in Q3 2013, compared to around 40 per cent for the full year in 2012,” the Ericsson Mobility Report said.

The report said mobile subscriptions across the world are expected to reach 9.3 billion by 2019, and more than 60 per cent of these 5.6 billion will be for smartphones.

 

Source: http://ibnlive.in.com/

 

There’s no doubt that smartphones are so incredibly popular many people simply cannot cope without them. It’s unfortunate that whilst the cost of smartphones has increased, the average salary has decreased which means that a lot of people are finding it a struggle to pay for these phones. It’s because of these types of issues that used and refurbished phones are selling extremely well as people are trying to avoid getting tied into expensive contracts. Be sure to keep checking back here for the latest news in the world of mobile phones and technology.