“Silicon Valley companies big and small are pulling the plug on desk phones in favor of mobile devices. While consumers have been cutting the cord for years, businesses are joining the trend at an accelerating rate thanks to the increasing capabilities of mobile devices, which make it easier for workers to be productive and stay connected from any location at all hours. Demand for business land lines is plunging, cutting into revenue at phone-equipment makers. It also steps up pressure on service providers such as AT&T Inc. and Verizon Communications Inc. to get more revenue from wireless sales and lessen their reliance on operations that are dwindling.”
