Today at the Web 2.0 Summit in San Francisco, Morgan Stanley Managing Director, Mary Meeker, gave her usual quick presentation with a ton of information. Rather than trying to squeeze it all in (which not even she can in her 15 minute presentation), I will embed the slides below when they are up and hit on her major points.
Overall, she notes that Morgan Stanley sees many good signs that the economy is recovering. She notes that stock markets usually are a leading indicator of recovery, and certainly we’ve been seeing that recovery in the tech sector (see: Apple). That’s good news because the tech industry is now the most highest capitalized market, it’s no longer the financial industry.
Meeker thinks we’re in a new computing cycle with the mobile web. Meeker believes Apple’s iPhone and iPod touch are leading the way here, big time. She thinks the mobile web will be 10 times as big as the more traditional desktop Internet, and that it will grow much faster.
She also notes that the technologies around it are exploding: Wi-Fi, GPS, 3G, Bluetooth, etc. And all of this is exploding in a recession, she notes.
Other key points:
- Location-based services are the “secret sauce” of what makes the mobile web interesting.
- The iPhone/iPod touch is the fastest growing piece of hardware the world has ever seen.
- And usage share versus market share of the iPhone is incredible, meaning it will only grow.
- Facebook is becoming the multimedia repository, and it will allow you to do so much.
- Companies absolutely need to be on board with the mobile web. They have some time, but they need to act.
Find the full slides below: