Norvig's Law
norvig.com
norvig.com
Any technology that passes 50% penetration can indeed double again if in the future it goes below 50%.
The latent Apple analogy is making me uncomfortable now, so I'll stop here.
"Luxembourg racked up 158 mobile subscriptions per 100 people, closely followed by Lithuania (127) and Italy (122)." Source: http://news.bbc.co.uk/1/hi/technology/7116599.stm
To be clear, it all depends on what you count. If you're counting units sold, you can double your count by selling everyone 1 unit, then 2, then 4, etc. (In Finland I understand that cell phone usage is above 1 per capita, but still growing.) If you're counting the total number of households that own the product, you can double your count by doubling the population, or by convincing everyone to divorce and become two households. But if you're counting percentage of people (or households), there's just no more doubling after you pass 50%.
Without going down the route of identifying a new market, once more than 50% of the population in question has had its needs met, that market is mature -- its growth has reached a point of inflection, and no amount of pushing on the part of the existing industry will make the product continue to change lives at the rate it used to. The opportunity that was there has already been identified and seized.
Now, if everyone in Finland has a personal cell phone, and another 25% also keep a separate cell phone for business use, it's suddenly worth redefining what the market is. Should the industry try to double market penetration of business-only cell phones, now? Why isn't one phone enough, and could a new product meet these separate needs better? Or alternately, some people keep two phones with different plans, and switch between them to keep the total bill down -- breaking that confusopoly is another business opportunity worth identifying, but tracking units/plans sold instead of actual market penetration by population will mask it.
If you try to apply the it to something more narrow you run into the problem that many specific technologies come in and out of favor depending on market conditions.