Mobile Will Be Bigger Than Desktop Internet in 5 Years

Morgan Stanley 2.5MB PDF, Mary Meeker / Scott Devitt / Liang Wu:

1. Wealth Creation / Destruction is Material in New Computing Cycles - Now in Early Innings of Mobile Internet Cycle, the 5th Cycle of Last Half Century.
2. Mobile Ramping Faster than Desktop Internet Did and Will Be Bigger Than Most Think - 5 Trends Converging (3G + Social Networking + Video + VoIP + Impressive Mobile Devices).
3. Apple Leading in Mobile Innovation + Impact, for Now - Depth of App Ecosystems + User Experience + Pricing Will Determine Long-Term Winners.
4. Game-Changing Communications / Commerce Platforms (Social Networking + Mobile) Emerging Very Rapidly.
5. Massive Data Growth Driving Carrier / Equipment Transitions.
6. Growth / Monetization Roadmaps Provided by Japan Mobile + Desktop Internet.