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Technology Stocks : Game Changers and Market Movers
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From: Paul H. Christiansen11/18/2014 11:44:53 AM
   of 686
 
Humanity Is Going Mobile First, Ericsson Says

By 2020, 90 percent of the world’s population who are over 6 years old will have a mobile phone, and many of them will be watching a lot of video on their devices, Swedish networking giant Ericsson said in its Mobility Report, released Tuesday.

In 2012, the UN estimated that there would be some 7.717 billion people on Earth by 2020, with 59.4% of them in Asia.

India and China show fastest growth for new mobile subscriptions with 18 million and 12 million net additions in Q3 2014. The report estimates that smartphone subscriptions are expected to top 6.1 billion by 2020, with China adding over 450 million mobile subscriptions in the period up to 2020.

Ericsson says there is room for growth in the mobile sector, as smartphones currently account for just 37 percent of all mobile phone subscriptions. This is in line with its strategy of building out mobile networks to serve billions of people who will buy the new phones in the developing world in the next five years. Ericsson controls a third of the global market for wireless networks, but has seen that share fall from 39% in 2011, according to market research firm Infonetics.

The complete WSJ article is available only with subscription . . .

Humanity Is Going Mobile First, Ericsson Says
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