Smartphones Forecasted to Equate for Two-Thirds of Total Mobile Shipments by 2017
RDInvesting Provides Stock Research on InterDigital and VirnetX
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 InterDigital, Inc. (NASDAQ: IDCC) and VirnetX Holding Corporation (NYSE: VHC).
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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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InterDigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. The company reported revenues of $87.9 million for the fourth quarter of 2012, compared to revenues of $77.0 in the year ago quarter. Shares of InterDigital have surged approximately 15 percent in 2013.
VirnetX Holding Corporation is an internet security software and technology company with patented technology for 4G LTE security. The company's patent portfolio includes 20 U.S. and 26 international patents and over 100 pending applications. VirnetX recently announced a $368 million jury verdict related to its patent infringement lawsuit against Apple was upheld.
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