Informa Telecoms says mobile social network revenues could reach $52 billion by 2012. $52 big ones….
Of course, the press release doesn't actually say what mobile social networks are, nor who is building them. But it does say that $1.5 billion in revenues were earned from these mythical beasts in … 2006?
Oi! This is just too much, especially since most people would likely agree that we don't actually know what constitutes a mobile social network yet. Sure, some social networks like Facebook have mobile elements. And some others, like mig33, live primarily in mobile space. But these all have web based elements too. And, most aren't cranking out revenues of the magnitude that would lead to a total of $1.5 billion two years ago. So what social network is Informa Telecoms pointing to?
I just hate these breathless "analyst" reports, don't you?