If you’ve been riding along with me for any length of time, you know I get really revved up whenever I talk about the “Mobile Wave” in technology.
The truth is, I can’t help it: I look at the forecasts, calculate all the money that can be made, and end up feeling as jazzed as can be about the windfall profits we can reap from this transformational trend.
And I’m not the only one who’s feeling this technology-fueled ebullience: The folks over at Amazon.com are clearly experiencing the same adrenalin-driven affliction.
Amazon, you see, is coming out with its own smartphone.
And not just any smartphone. Amazon’s entry into smartphone derby is going to be one cool mobile device – highlighted by a 3D screen that will display photos so realistically that you’ll want to just reach out and touch them.
Why in the world, you might ask, is an “e-tailer” entering the wireless-phone business?
Just look at the numbers.
One billion consumers will have smartphones by 2016, says a brand-new report by Forrester Research.American consumers alone will own 257 million smartphones and 126 million tablets.
The worldwide work force will be revolutionized by the Mobile Wave: By 2016, 350 million workers around the world will be using smartphones – and 200 million of those folks will “bring their own” … even covering half the costs themselves.
But here’s the capper: Over the next three years, global spending on the Mobile Wave will grow to $1.3 trillion – or35% of the world technology economy.
Now you can see why Amazon wants a slice of that pie.
And you should feel the same way: The Mobile Wave is one of the single-best ways for you to generate life-altering profits in just a few short years.
But Amazon isn’t the pony you want to bet on – it’s more of a longshot. The stock is overpriced, and the company is so big that even a hit product won’t meaningfully benefit sales or profits.
There are actually much easier ways to double or even triple your money over the next two, three or four years – as the mobile wave hits its stride.