NEW YORK, NY -- (Marketwire) -- 03/13/13 -- The rapidly growing popularity of smartphones globally has provided many opportunities for growth within the Technology Sector. Recently, market researcher IDC has forecasted smartphones will outsell feature phones for the first time ever in 2013. Research Driven Investing examines investing opportunities in the Technology Sector and provides equity research on Millennial Media, Inc. (NYSE: MM) and Vringo, Inc. (NYSE: VRNG).
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IDC forecasts smartphones to equate for roughly two-thirds of total mobile phone shipments, roughly 1.5 billion smartphones, by the end of 2017. Smartphone growth is expected to be driven by emerging markets such as China and India, where penetration rates are still quite low. Smartphone shipments to China are expected reach 460 million units by 2017.
"Smartphone prices have fallen globally, the smartphone strata are wider than ever, and the roll-out of data-centric fourth-generation (4G) wireless networks are three factors that have made these 'do-it-all' devices an increasingly attractive option for users," IDC said.
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As the proven mobile advertising and data platform powering the app economy, Millennial Media helps the world's top brands succeed in mobile. In 2012, our customers included 85 of the top 100 Ad Age advertisers. Some of the company's clients include: Activision, Adidas, Buick, Pandora, and Westin Hotels & Resorts.
Vringo is engaged in the innovation, development and monetization of mobile technologies and intellectual property. Vringo's intellectual property portfolio consists of over 500 patents and patent applications covering telecom infrastructure, internet search, and mobile technologies. The company has announced that they will release results for the fourth quarter and full year 2012 after market close on Thursday, March 21st.
Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Research Driven Investing is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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