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Article: Smartphone Sales Revenues Forecast to Jump Nine-fold To $7.8 Billion by 2005, The Strategis Group Reports; WAP-Enabled Mobile Phones to Flood Market Beginning Next Year Creating Unique Supply-and-Demand Situation, Market Research Firm Says.
- Article from:
- PR Newswire
- Article date:
- April 19, 2000
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WASHINGTON, April 19 /PRNewswire/ --
Revenue from sales of so-called Smartphones -- mobile phones which can access the Internet -- are projected to grow more than ninefold by 2005 to $7.8 billion, The Strategis Group says in a new report. Smartphone sales this year are expected to be $867 million.
"Smartphone manufacturers tell us that beginning next year the majority of new handset models will be wireless application protocol-enabled," Cynthia Hswe, analyst with The Strategis Group, said. "This creates a unique supply- and-demand situation where new users will receive handsets with wireless data capabilities whether they plan to use them or not. We ...