31 May '11, 8am

Smartphones driving mobile banking, digital music consumtion and the entire mobile phone market #GooglePhone

A steady increase in the number of smartphone purchases is having a positive effect on mobile music growth, mobile banking and the mobile industry as a whole. Three recent studies from The NPD Group, GfK Asia and comScore highlight the flow-on effects of increased smartphone ownership. In Asia, 3.4 million smartphones were during the first quarter of 2011, a 30 percent rise from the fourth quarter of 2010 said GfK in a report released on May 27. While smartphone sales in the region currently only account for one out of five mobile phones sold, smartphone adoption is increasing rapidly. "The continued proliferation of smartphones will spur aggressive consumer adoption, and this will keep on driving the mobile phone market in the next one year or so," said Mr Gerard Tan, regional account director for Telecommunications at GfK Asia. Smartphones are the major drivers behind mo...

Full article: http://sg.news.yahoo.com/smartphones-driving-mobile-banki...

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