Skype justifies the hype, traffic wallops traditional carriers
It's fair to say Skype is screwing the traditional telephone carriers. New figures suggest that while the recession has slowed the growth of international telephone traffic overall, Skype is blooming as more people discover how to call distant family and remote shagpieces over the internet for free.
Over the past 25 years, international call volume has typically grown at annual rate of 15 per cent. In the past two years, however, international telephone traffic annual growth has slowed to only eight per cent, growing from 376 billion minutes in 2008 to an estimated 406 billion minutes in 2009. Meanwhile Skype-to-Skype calls grew 51 per cent in 2008 and 63 per cent in 2009, to an estimated 54 billion minutes.
It means Skype is now accountable for 12 per cent of the entire international call volume, a 50 per cent increase on the previous year - calls that once would have generated billions in revenue for carriers are now making them sod-all. Newspapers, magazines, pornography, telecommunications - is there no industry the internet can't single-handedly destroy?