We find this one a little hard
to believe, but according to at least one set of stats, text messaging is a bigger business than the movie industry.
Revenues for texting in 2005 were about $75 billion, vs. $30 billion for Hollywood. Text is even bigger than the video
game biz, which only brings in $40 billion. And, to top it off, texting has a 90% profit margin. Given that texting is
bigger than the movie business, we assume it's only a matter of time before it has its own stars and scandals. Oh,
wait, it's already got that, right Paris?
Reader Comments (Page 1 of 1)
zverg @ Mar 14th 2006 3:01PM
OMG A NOKIA 8260(tdma)/8290(gsm)!!!
My first cell phone, oh how I miss it. Can I win this for day 30 of Engadget mobile's 30 days of cell phone giveaways? :) oh wait I still have mine. I just wish Cingular was GSM then so that I could swap my SIM into it and use it. It's still completely mint too, when it was 9 months old I shipped it to Nokia in Florida for them to replace all the casing and such on it and I only used it for like another month after that.
I want another!
Michael @ Mar 14th 2006 3:08PM
Is the 75 billion figure worldwide or just in the USA?
I find it hard to believe it's just in the USA. This is a flawed comparison. It's like saying:
"Sales of Kia autos in the USA surpassed sales of Honda sales in North Dakota. Therefore, Kia is beating Honda."
Corey @ Mar 14th 2006 3:11PM
No source of the data? About as credible as my insight of the day. "The sky is pink." It must be true!!
Oscar @ Mar 15th 2006 2:57AM
The figure must be worlwide.
I think any app that can save money will be a mobile killer app.
JR @ Mar 15th 2006 12:46PM
zverg:
Cingular is GSM. However, if your phone is "locked" or unable to use the 850 MHz band of GSM, then you'll have some problems getting it running.
Pofig @ Jul 5th 2006 6:14AM
But why? I don't understand...