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From the current issue of "The Economist" magazine, survey of mobile telecoms:

"Here is a cautionary tale about a telephone giant and a management consultancy. In the early 1980s AT&T asked McKinsey to estimate how many cellular phones would be in use in the world at the turn of the century. The consultancy noted all the problems with the new devices - the handsets were absurdly heavy, the batteries kept running out, the coverage was patchy and the cost per minute was exorbitant - and concluded that the total market would be about 900,000. At the time this persuaded AT&T to pull out of the market, although it changed its mind later.
These days, 900,000 new subscribers join the world's mobile phone services every three days."

So much for those "experts". Another exampe of why Fools should do their own homework.

BeenFooled
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