Apple Inc. v. Samsung Electronics Co. Ltd. et al Doc. 1022 Att. 14 Bressler Decl. In Support of Apple’s Opp. to Samsung’s Mot. For Summary Judgment Ex. 12 Dockets.Justia.com RBC Dominion Securities Inc. Wireless Industry Mike Abramsky (Analyst) (416) 842-7840 Sizing the Global Smartphone Market
[email protected] We believe the global Smartphone market will exhibit growth outperformance (37% CAGR Paul Treiber, CFA (Associate) versus 7% CAGR for the mobile phone market), driven by four key factors: 1) disruptive (416) 842-7811 innovations in mobile software and hardware; 2) rising consumer/business demand for mobile
[email protected] data (messaging, browsing, applications); 3) faster wireless networks; and 4) mass market Smartphone and data pricing. In this report, RBC sizes the global Smartphone market, and recommends investors with long-term (12-18 month) time horizons overweight Apple (AAPL), Research in Motion (RIMM), and Microsoft (MSFT). More speculative names we would recommend include Google (GOOG) and Palm (PALM). November 12, 2008 • Smartphone Market Expansion. RBC sees the global adoption of Smartphones rising This report is priced as of market over the next four years, expanding 37% CAGR, versus 7% CAGR for the mobile phone close November 10, 2008 EST. market (3% mass market phones). When defined as “data-centric” Smartphones (sold with data plans), RBC sees Smartphone Market expanding from over 80 million units sold in All values in U.S. dollars unless calendar year 2007 or 7% Total Addressable Handset Market (TAM) , to 294 million units otherwise noted. in calendar year 2011 or 20% TAM.