Mary Meeker: Economy Is Recovering, Mobile Is Exploding

By MG Siegler

Tuesday at the Web 2.0 Summit in San Francisco, Morgan Stanley (MS) Managing Director, Mary Meeker, gave her usual quick presentation with a ton of information. Rather than trying to squeeze it all in (which not even she can in her 15 minute presentation), I will embed the slides below when they are up and hit on her major points.

Overall, she notes that Morgan Stanley sees many good signs that the economy is recovering. She notes that stock markets usually are a leading indicator of recovery, and certainly we’ve been seeing that recovery in the tech sector (see: Apple). That’s good news because the tech industry is now the most highest capitalized market, it’s no longer the financial industry.

Meeker thinks we’re in a new computing cycle with the mobile web. Meeker believes Apple’s iPhone and iPod touch are leading the way here, big time. She thinks the mobile web will be 10 times as big as the more traditional desktop Internet, and that it will grow much faster.

She also notes that the technologies around it are exploding: Wi-Fi, GPS, 3G, Bluetooth, etc. And all of this is exploding in a recession, she notes.

Other key points:

• Location-based services are the “secret sauce” of what makes the mobile web interesting.
• The iPhone/iPod touch is the fastest growing piece of hardware the world has ever seen.
• And usage share versus market share of the iPhone is incredible, meaning it will only grow.
• Facebook is becoming the multimedia repository, and it will allow you to do so much.
• Companies absolutely need to be on board with the mobile web. They have some time, but they need to act.

Find the full slides below:

Original post

Comments

[JamesApple:]

People must learn to separate the Rim blackberrys from the iPhone. Blackberrys are old outdated eMail only phones; iPhone is the new modern smartphone which has 85000 downloadable applications from the App Store which only work on the iPhone, these applications would not work on any other phones.

Rim often tries to confuse people that blackberrys are somehow equivalent to the iPhone. The truth is the iPhone is 3 generations more advanced, much higher in quality, durable, much better designed, 85000 applications and growing versus blackberry's 2000 applications. People have to stop comparing Apples with blackberrys.

Oct 21 11:04 AM

[Graham and ...:]

Why should anyone believe this woman? She was almost singlehandedly responsible for the tech bubble ten years ago.

Oct 21 11:27 AM

[JamesApple:]

It is better to be wrong than to be faithless.

Oct 21 12:19 PM

[JamesApple:]

Until the economy is rid of inept companies like Research in Motion incapable of delivering anything better than repackaging old outdated unwanted products under new names unable to innovate, the economy remains burdened by Research in Motion lacking strength to go back up.

Oct 21 01:35 PM

[Steve in TN:]

I agree with Graham, but she gave one heck of a presentation.

Oct 21 04:33 PM

[Economyst:]

Mary Meeker and Henry Blodget - did you not learn anything form the Dot Com Bubble. They are hear to drive up share prices.

So first we had the Dot Com Bubble. Share prices collapsed and to avert meltdown interest rates were slashed and money pumped inot the economy to ready it for the Housing Bubble. Now we are getting over the housing bubble we are being prepared for the Mobile bubble where all things with the Mobile/ Social Media moniker will be driven to absurd levels.

Oct 21 06:55 PM

[JamesApple:]

I agree wholeheartedly the crooks raided our pockets in the dot com bubble. But to a small degree investors have to take care when they are greedy and stay away from the companies that just too good to be true. Google is from dot com and it's a great investment. What I am trying to say is to be wise whether if it is high tech or housing, money don't grow on trees but there's money to be made from wise investments just make sure you don't bet on the wrong stocks and never bet with your bread money. If you can do that then bubble or not you ain't got no trouble.

Oct 21 07:48 PM

[JamesApple:]

Be very careful with Research in Motion. It is not a safe stock, look at its highly volatile share price history, and its very weak position in the mobile bubble with the bleakest outlook.

Oct 21 07:54 PM

[pftittl:]

Have you seen the horrible commercials pushing the Droid phone? Meant to appeal to tech saavy people, there isn't one significant advantage over the iPhone except the 5 megapixel camera, and, really, few are complaining about the camera in the 3GS.

Apple has no peer right now. That's why I've been long Apple for some time.

Oct 22 09:10 AM

[Tony Petroski:]

Good article Tech Cruncher.

Oct 22 02:04 PM

[Shaftsinker:]

How can Apple have no peer when they're only on one carrier? They current market for smartphones that Apple has no access to is enormous.

I really wish we could discuss the growing smartphone industry without all the Apple fanboy bias in every damn comment section in every single one of these damn articles. You guys are seriously the only consumers on the planet that see a monopoly as a good thing. Yes they have a good product but no that doesn't make competition a bad thing.

Japan has had more people using the internet on mobile phones than computers for years now and I'm pretty sure they're not all using iPhones. The industry will not live and die with Apple.

Oct 22 02:36 PM

[cayman:]

Have to admit her presentation points with loaded words seemed a bit bubblicious. when she metioned facebook I lost her as I'm on that thing and thinking about leaving that network...a fantastic waste of time.

Oct 23 03:54 AM