Some of the fastest growing cell phone services are also the cheapest non-contract players.
Metro PCS is booming in terms of profits and subscribers. They have ultra-cheap unlimited plans that feature unlimited data and texting.
Subscribers really get it and Metro’s customer base has now grown to roughly 9 million. This is despite that fact that Metro has had issues from time to time with customer service and will occasionally bring a product to market before the system is ready.
But people love those prices! The typical Metro plan is $40 each month for unlimited everything. If you want a fancy Android phone, you can run that price up to $60 each month for unlimited everything on a 4G network.
Metro is geared to heavy volume users. But their other competitor, TracFone, has several options for the price sensitive among their various brands.
Business is booming for TracFone too; they’ve had a 20% increase in subscribers in just 90 days. TracFone is the name behind Straight Talk, a joint venture with Wal-Mart that offers 1,000 minutes a month for $30 or a $45 plan for unlimited everything. The real downside to Straight Talk is that it features mostly Nokia phones that run on the inferior Symbian platform.
Editor’s note: This segment originally aired in May 2011.