...is getting deeper.
Australia’s love affair with mobile phones has scaled new heights.
According to the Australian Mobile Telecommunications Association a record 10,056,640 mobile phones were shipped to Australian stores in the year to May – the first time annual sales have passed 10 million.
The figure suggests that one in every two Australian has bought a new mobile phone in the past year.
In May alone, new phone shipments approached 800,000 - up 7.5 per cent on the previous May...
CommSec chief equities economist Craig James said that mobile phone sales have hit annual record highs in each of the past four months and are showing no
signs of slowing.
“Australians love tech goods like mobile phones, computers and iPods and there are no signs of mobile phone sales reaching saturation point,” he said.
The Australian launch of Apple’s iPhone next month should boost sales further.