Monday, June 20

M-Commerce To Reach $6 Billion In 2011

According to a new Forrester forecast, retailers can expect just 2% of their online sales to come through mobile devices this year and only 7% by 2016. That translates into $6 billion in 2011, growing to $31 billion in five years. In short, m-commerce will see steep growth in the coming years, but will remain a small part of overall sales. (The figures don't include revenue from transactions done through tablets.)

The report also warns companies not to expect HTML5 to become a universal standard for mobile sites anytime soon. While more robust, the programming language will not render apps obsolete, since apps will still have capabilities not found in Web browsers.

Read more at Media Post