(PR NEWSWIRE) Smartphone Sales Revenues Forecast to Jump Nine-fold To $7.8 Bi
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
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 estimate annual
Smartphone sales will reach 60.3 million units by 2005."
The Strategis Group is made up of communications industry analysts who
publish in-depth industry research reports on the Internet, cable TV,
satellite, telecom, broadband and wireless industries. The Strategis Group's
market studies, valuations and strategic planning provide crucial information
to U.S. and international communications industry leaders.
"The wireless device industry is undergoing a major transformation," Hswe
said. "With the increasing convergence between voice and data services,
questions remain about which devices will be conduits of these services,
particularly in regards to the emerging wireless Internet.
"In response to the excitement surrounding the wireless Internet,
Smartphone and Personal Digital Assistant (PDA) manufacturers have mobilized
their operations to produce devices that will become the wireless Internet
device."
The report estimates there will be more than 9.5 million 2.5/3G mobile
high-speed data subscribers by 2005; 6.8 million of them business subscribers
and 2.8 million of them residential subscribers.
In a survey of current wireless phone users, more than one-third said they
would be interested in a wireless phone which can access the Internet. Even
among non-users of wireless phones, The Strategis Group survey showed 20
percent would be interested in a wireless phone with the ability to access the
Internet.
"We believe that wireless application protocol is an ideal interim
solution for the wireless Internet," Hswe said. "On the demand side, WAP
facilitates use of wireless Internet applications by bringing the best
possible clarity to wireless devices. On the supply side, WAP solutions are
low cost and will enable operators to use wireless data to increase subscriber
minutes of use, reduce churn and attract new customers."
Hswe said that "Phone.com is currently the dominant microbrowser company,
but as Microsoft, Oracle and other major players enter the marketplace,
competition will be heating up in the battle for wireless Internet navigation
software."
The Strategis Group, an edr (e data resources) company -- with offices in
Washington, D.C., London and Singapore -- publishes in-depth industry research
reports, provides customized consulting services and supplies continuous
information solutions to the cable TV, satellite, Internet, competitive
telephony, broadband and wireless communications industries. The Strategis
Group's market studies, valuations, and strategic planning provide crucial
information to communications industry leaders throughout the world.
SmartPhones and Wireless PDAs is available on CD-ROM in PDF or HTML format or
in print format. Please contact The Strategis Group at 202-530-7500 or
sales@StrategisGroup.com for more information.
SOURCE The Strategis Group
-0- 04/19/2000
/CONTACT: Cynthia Hswe of The Strategis Group, 202-530-7500 or
chswe@StrategisGroup.com/
/Web site: strategisgroup.com
CO: The Strategis Group
ST: District of Columbia
IN: MLM TLS
SU: ECO
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