Number of worldwide smartphone

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According to International Data Corporation, the number of worldwide smartphone owners will soon exceed 1.5 billion. That number is expected to grow at nearly 10% per year for the next five years. While the actual cost of a smartphone is about $300, wireless carriers in some countries offer their customers a "free" smartphone with a two year wireless service agreement. Is this pricing strategy rational? Explain.

Reference no: EM131564304

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