- Aug 31, 2002
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http://online.wsj.com/article/SB10000872396390444083304578018731890309450.html?mod=e2tw
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More than half of all U.S. cellphone owners carry a device like the iPhone, a shift that has unsettled household budgets across the country. Government data show people have spent more on phone bills over the past four years, even as they have dialed back on dining out, clothes and entertainmentcutbacks that have been keenly felt in the restaurant, apparel and film industries.
The tug of war is only going to get more intense. Wireless carriers are betting they can pull bills even higher by offering faster speeds on expensive new networks and new usage-based data plans. The effort will test the limits of consumer spending as the draw of new technology competes with cellphone owners' more rudimentary needs and desires.
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