Verizon Wireless and AT&T's quarterly earnings are both out, with Verizon claiming the "highest net adds in the industry," 1.5 million new subscribers, while AT&T says they've pulled in 1.3 million. (They both made out like bandits money-wise, as usual.) Between them, that's 2.8 million new subscribers. Where are they coming from? As of December, CTIA reports an 84 percent penetration, with 255 million subscribers. That weird orgy of unlimited plans a couple months ago further suggests that the market's already pretty saturated. I mean, do you know anyone still in the market for a cellphone? Where are all these new subscribers coming from?
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