In modern world, mobile phones are being perceived as “fashion accessories” and “objects of desire,” with the latest handsets being showcased in the hands of fashionable people. This change in the image of the once modest mobile phone has been an outcome of certain trends in the mobile telephony sector as well as the evolving needs of mobile phone users.

The latest mobile handsets are endowed with a large number of innovative and user-friendly features. For instance, handsets such as Nokia N70 and Motorola V3x are equipped with mega-pixel cameras and capabilities for video conferencing and video telephony. Moreover, a host of mobile phone deals are available on many of these handsets, wherein users are offered free gifts such as free mobile phone insurance and free cash-backs. But despite all these initiatives and efforts, the sale of mobile phones has been showing a declining trend in recent years.