November 15, 2004

Mobile Phones and MP3 Predictions

MP3 players in mobile phones to lead trend by 2008

Taiwan The Industrial Economics and Knowledge Center (IEK) forecasts the market for mobile phones with built-in MP3 players to hit 350 million units worldwide by 2008, up from the estimated 40 million units this year.

Also according to IEK, in an effort to diversify their products, Taiwan makers will be developing mobile phones that will include both MP3 player and videophone functions.

The research organization added that multimedia services for wireless devices can reach up to about $29 billion worldwide by 2008 €”accounting for almost 33 percent of the total wireless telecom service market revenues. Last year, a total of $463.1 billion in profit was earned from the same segment that included SMS text messages, mobile commerce and mobile entertainment.

Posted by Craig at November 15, 2004 02:06 PM