business news in context, analysis with attitude

The Wall Street Journal reports that AT&T has announced that it is getting out of the pay phone business, which has been around for almost 130 years.

It is part of a broad contraction of the pay phone market, which has dropped from more than 2.6 million units in 1998 to about one million today, as consumers largely have come to depend on their cell phones for on-the-road communication.

AT&T plans to sell off the pay phones to independent operators, which are expected to continue operating at least some of them.

KC's View:
Ask yourself a quick question:

How much is a local call on a pay phone?

The odds are you have no idea. I sure don't. I can't even remember the last time I used a pay phone.

Which is just one more graphic reflection of how the world has changed.