http://www.antipaper.net - 703.286.5397 - John Cini
The mass exodus of the American population from contract (postpaid) cell plans -- the switch to prepaid (no contract) -- is imminent, and the evidence is overwhelming. Jim Patterson, CEO and co-founder of Mobile Symmetry, and former President of Wholesale Services for Sprint, on May 10, 2011 wrote a blockbuster article, "Reality Check: Is 2011 the year of prepaid?" that gives us ANOTHER voice predicting the impending end of contract ("postpaid") cell service. His article strongly suggests that in 2012 we may see "the end of the post-paid market as we know it."
Here's the headline on the New Millennium Research Council's Nov. 4, 2010 press release: "Survey: 25 Million U.S. Consumers Set To Switch To Prepaid Wireless In Next 6 Months." Do the math: 25 Million ÷ 6 months = 4 Million people each month switching to prepaid! Granted, that's a small fraction of all wireless users, but it's a HUGE jump from the one million a month that switched towards the end of 2010, and it's an amazingly (alarmingly) fast increase.
NMRC LogoSam Simon, senior fellow, New Millennium Research Council, said: "Even without the need to pinch pennies during the current economic downturn, consumers are clearly fed up with the high prices of contract-based cell phone service and the gouging that goes on with early-termination fees (ETF)."
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