Landline phones were largely replaced by mobile phones in 2001 and 11 years later it appears personal computers are headed in the same direction. The number of Internet-connected mobile devices are projected to surpass the number of desktop and laptop personal computers in use in 2013.
According to The Economist’s Daniel Franklin, mobile companies received $3.9 billion in venture capital investments in the first half of 2012 -- 46% of all venture capital invested. More funding went into mobile firms in 2011 than in any year since 2001, Franklin tells The Daily Ticker.
So what does this mean for technology companies? Facebook (FB) bought photo-sharing app Instagram, a mobile-only service, for nearly $1 billion this year, but the the social media company's ability to emerge as a winner in the mobile world is unclear.
Advertising rates are lower for mobile phones and Facebook isRead More »from The World in 2013: Who’s Winning in Mobile?