Tuesday, January 10, 2017

iPhone turns 10, smartphones grow into $600bn industry

Ubiquitous devices spawn ride-hailing, other new businesses

YUICHIRO KANEMATSU, Nikkei staff writer|

LAS VEGAS, U.S. -- In the decade since Apple introduced the iPhone in this city on Jan. 9, 2007, smartphones have grown into a $600 billion business. The handsets have become an indispensable part of many people's lives, serving as video players and internet-connected personal computers, while new services such as mobile payment apps capitalize on the evolving technology.

New businesses, opportunities

Though the handset market has begun to mature, smartphones continue to spark new businesses. Ride-hailing offered by U.S. company Uber Technologies is just one service that became possible due to the popularity of smartphones.

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