Application Quote by Thomas Friedman
“A 2011 report produced by Forrester Research estimated that the revenue generated through the sales of smartphone and tablet applications will reach $38 billion annually by 2015. Think about that: An industry that did not exist in 2006 will be generating $38 billion in revenues within a decade. . . .”
About This Quote
Source Report: Forrester Research, 2011, smartphone and tablet app market forecast
Rapid growth of mobile app industry shows how quickly new tech ecosystems can become massive revenue sources.
In simple terms: New tech can become huge money fast.
Key Takeaway
Watch emerging tech markets closely.
Themes
technology
economics
innovation
Mood
optimistic
analytical
Type
business
forecast
When to use this quote
- startup investment
- product development
- strategic planning
- industry analysis
Key Concepts
market dynamics
network effects
disruption
Questions to Reflect On
- How can businesses stay ahead of sudden tech trends?
- What risks exist in betting on emerging markets?
A Different Perspective
Predictions can be off; market conditions may change unexpectedly.
