Feb 24 2014, 7:17am CST | by Forbes
For the investor, the technologist and the technology early adopter, the coming week can be considered one of the highlights of the year as the 2014 Mobile World Congress (MWC) kicks off. Yes, we’ve already had the 2014 Consumer Electronics Show, a great industry event that cuts across all sorts of consumer electronic categories, but MWC is focused on mobile pure and simple. In the past that meant new mobile product introductions from the then mobile phone leaders — Nokia, Motorola, and Ericsson — but today none of those companies compete in the mobile device space.
Yes, the mobile industry changed dramatically since the mobile phone was THE consumer electronic device of choice as have the players driving the current smartphone and tablet markets. Today it’s Apple, Google, and Samsung, with Nokia’s mobile device efforts now a part of Microsoft, Sony has what was once Ericsson’s mobile device business and Lenovo recently acquired Motorola Mobility from Google. Even the way we used these devices has changed – no longer is the main function voice. Just look around you and odds are at any given moment you will see
When you think about it, it is pretty amazing how mobile technology has transformed our lives and how pervasive it has become. What’s even more amazing is the change we have seen thus far has really been due to three devices — the mobile phone, the smart phone and the more recently the tablet.
When I take a step back and see how increasingly reliant we are on mobile, it looks more and more like electricity or water — a basic building block of sorts that powers a number of things we do day in, day out.
Heading into this big mobile industry event, I sat down with Bill Davidson, Senior Vice President, Strategy and Operations Qualcomm Technologies, Inc. and Qualcomm Investor Relations. During our conversation, we talk about the existing mobile markets and why there is plenty of growth left in smartphones and tablets. We also discuss a number of the up and coming mobile markets — The Connected Car, The Connected Home, wearables, mHealth, mobile payments and more. With all of these new markets coming on stream and devices drawing on mobile networks, you’re right to think that this will put a huge burden on mobile operators like Verizon Communications, AT&T, Vodafone and others, but as Bill shares Qualcomm is already tackling that particular pain point.
Lest I forget, the one company that many will hope to hear from — Apple — tends to shun events like these and instead introduces its new products, services and solutions at its own events. There’s no reason to think this year’s MWC will be any different. So if you were hoping to hear about the new iPhone or the much rumored iWatch, you may get some more innuendo spinning out of MWC, but don’t expect any formal announcements.
Disclosure: Subscribers to my investment newsletter PowerTrend Profits were alerted to the opportunity in Qualcomm (QCOM) shares at $64.01 in April 2013.
Source: Forbes Business
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.
blog comments powered by Disqus