Make Money in China with Cell Phones
Submitted by Bill Belew on Sunday, 24 August 2008No Comment
Making money is fun. Having money is fun. Spending money on people can make you think you have friends. The love of money is the root of all evil.
However, if you want to make some money…get in the cell phone business in China.
A report is out that says cell phone sales in China will be up 17.6 % this year. That means, people in the cell phone industry – chips, cameras, can you say ring tones? and such are all making a killing.
China will make some 605 million cell phones this year and sell 205 million of them at home. Production is up 21.2% and sales 17.52%. Exports are up 22.74%.
Two-thirds of China’s market is controlled by Nokia, Samsung and Motorola. Nokia is #1 with a 41.02% share.
Want to make some money?
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