With the rise of smartphone messaging apps, people are using SMS less frequently than before — and that's digging into the profits of wireless companies.
Voice service has seen an even more alarming decline, as this chart from Bloomberg Businessweek indicates.
The good news for carriers is that data-related income is rising. It may not be enough right now, but it's growing. If these trends continue, Internet access may soon become wireless companies' most lucrative service.
This holds all kinds of implications for the industry. Think of the policy debates that are raging over wired broadband — net neutrality, affordability, access. Pretty soon, those arguments are going to spill over into the wireless business. The entities involved will continue to operate differently, given the varying types of costs in either space (wired broadband companies, for instance, don't have to fight over wireless spectrum). But to most consumers, the difference might simply come down to whether that week's bill concerns mobile Internet or home Internet.