quote:
Originally posted by sniper
Think about this for 1 minute.
600m mobile phones currently sold a year and this is projected to grow to 1 billion by 2010.
Assume 10% incorporates GPS within the next 2 years so 60m requires GPS receiver.
Rakon has 50% market share so 30m receivers sold by company.
Makes 50 cents per receiver so profit = $15m or $10m after tax.
If 20% of mobiles incorporate GPS, profit to Rakon will be $20m.
2007 profit projection (without mobile phones)is $7m.
Some fantastic blue sky if you believe more mobiles will incorporate GPS in the near future.
That's the pitch.
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