November 24, 2003
Investors bet camera phones keep clicking with consumers
The stock market is reflecting the hype surrounding camera phones, reports
USA Today.
"Overall, the major makers of camera phones are up 52% on average this year, while shares of companies that make pieces and parts that go into the phones have gained 207%.
Component makers are probably the biggest winners in the camera-phone phenomenon.
Future winners could be the companies that make removable memory cards that plug into higher-end camera phones to save photos. That isn't the biggest part of the market yet, because less than 10% of camera phones use such memory cards. But as cameras' quality rises and requires more storage space, it's expected that by 2007, 64% of camera phones will support removable storage, IDC says".
The article raises the shadow of a doubt that cameraphones could only be a fad. I don't think so. I've just bought the new Nokia 6600 cameraphone and have spent the weekend becoming familiar with all it's wonderful functions. Fabulous. If most people are like me, there is no going back.
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