Global Market for Cellphone Ring Tones Is Shrinking

After years of double-digit growth rates, the global ring tone market appears to have come to the end of its crescendo, according to a variety of measures. In some parts of the world, ring tone sales are actually declining, and the former ring tone kings, like Jamba of Germany and Musiwave of France, are refocusing their businesses on other ways to personalize cellphones. (NY Times)