NEW YORK, NY -- (Marketwire) -- 03/14/13 -- 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 Glu Mobile Inc. (NASDAQ: GLUU) and Velti Plc (NASDAQ: VELT).
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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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Glu Mobile is a leading global publisher of 3D Social Mobile games for smartphone and tablet devices. The company recently announced the launch of their first real-money gambling offering with Probability plc. "We anticipate that real-money gambling will continue to gain momentum globally and believe that with this offering, Glu is well positioned to capitalize to the extent that additional markets adjust regulations," said Niccolo de Masi, CEO of Glu Mobile.
Velti plc is a global provider of mobile marketing and advertising technology and solutions. Velti works with over 90 operators in four continents and has implemented campaigns for sixteen of the twenty largest mobile operators worldwide. Shares of the company fell sharply Wednesday after results for the fourth quarter fell short of expectations.
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