Mary Meeker pumps market up again - this time its Mobile Internet!

Posted by Brendan Kenalty at 1/12/2010 3:35 PM
Categories: Wireless
Tags: mary meeker mobile internet report iphone the mobile internet report mobile internet morgan stanley
Mary Meeker is back in the news. You may all remember her as the very influential Morgan Stanley technology analyst who was instrumental in driving the Dot Com stock craze by helping "The Street" understand the potential of the internet and feel comfortable pouring billions of $'s into it. Unfortunately in some circles, Mary Meeker's influence is also credited with bursting the bubble...but we'll leave that for another day.

The point about Mary Meeker is this. She is super smart and sees the future of technology before most others. She has just released her long anticipated report on "The Mobile Internet" which a brilliant, insightful piece of work. I strongly urge any of you that are interested in this space to a least browse through the +640 pages as it will give you a tremendous sense of where this industry is going and what companies / platforms and ecosystems are going to win the wars. The report is targeted at investors but I'd encourage any business leaders making investment decisions in this space to give it a read.

To summarize our key takeaways:
  • Material wealth creation / destruction should surpass earlier computing cycles. The mobile Internet cycle, the 5th cycle in 50 years, is just starting. Winners in each cycle often create more market capitalization than in the last. New winners emerge, some incumbents survive – or thrive – while many past winners falter.
  • The mobile Internet is ramping faster than desktop Internet did, and we believe more users may connect to the Internet via mobile devices than desktop PCs within 5 years.
  • Five IP-based products / services are growing / converging and providing the underpinnings for dramatic growth in mobile Internet usage – 3G adoption + social networking + video + VoIP + impressive mobile devices. 
  • Apple + Facebook platforms serving to raise the bar for how users connect / communicate – their respective ramps in user and developer engagement may be unprecedented.
  • Decade-plus Internet usage / monetization ramps for mobile Internet in Japan plus desktop Internet in developed markets provide roadmaps for global ramp and monetization.
  • Massive mobile data growth is driving transitions for carriers and equipment providers.
  • Emerging markets have material potential for mobile Internet user growth. Low penetration of fixed-line telephone and already vibrant mobile value-added services mean that for many EM users and SMEs, the Internet will be mobile.
Here's a link to the full presentation: http://bit.ly/7RZuuH. Let me know what you think.

 

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