Text messaging is a great business
Posted by andy, March 15th, 2006
From Engadget Mobile:
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.
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