Virgin Mobile (VMED) introduces the Venture, a low-end Android (GOOG) phone from Alcatel One...

|About: Virgin Media Inc. (VMED)|By:, SA News Editor

Virgin Mobile (VMED) introduces the Venture, a low-end Android (GOOG) phone from Alcatel One Touch (ALU) that sells for a mere $99 without contract. The Venture and other inexpensive Android models should play a big role in boosting the U.S. smartphone penetration rate from a recently-estimated 44%, now that much of the low-hanging fruit has been picked off.