Ma Bell hangs up…
December 3rd, 2007 by Grant in: Business, TechnologyIt seems that AT&T is no longer seeing the value of the pay phone. The company announced today that its pay phones will be phased out over the next year. They declined to say how much revenue its pay-phone business generated, but the number is small and declining, after all, how can they compete with cell phones at $0.50 per call?
It’s interesting that a service long thought to be impossible to live without could be phased out of service, but it’s happening.
It certainly leaves one to think about what other iconic items once thought to be revolutionary will be a thing of the past in the not too distant future…
From a business standpoint, I think it’s important to have enough where-with-all to understand when your product is no longer viable, and when advancements in technology have made your service obsolete. The phone company has enough diversification to be able to cut ties with the product and still be a viable company, which speaks volumes not only for how far we’ve come in the technology field, but how companies are willing to adopt new standards, and cut bait on old ones.
Tags: AT&T | Business | pay phones
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