文档介绍：Trends
April 12, 2010
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Comments on mobile include contributions from Katy Huberty, Simon Flannery, Ehud Geldblum, Nick
Delfas, Naoshi Nema, James Dawson, Sean Gardiner, Patrick Standaert, Hiro Tanaka, Mark Lipacis, Navin Killa,
Vinay Jaising, Yvonne Chow, Jasmine Lu, Bill Lu, Keon Han, Richard Ji, Adam Holt, Ben Swinburne
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Trends Outline
• Stock Market Update
• State of the …
Mobile Will Be Bigger Than Desktop in 5 Years
• Mobile Deep Dive
2
Stock Market Update
3
Stock Market = Often a Leading Indicator of Economic Growth
Russia +225% vs. 36-Month Low / India +120% / China +85% / USA (S&P500) +76%
300 2007 2008 2009 2010
250
200
150
100
Indexed Value (base = 100) = Indexed Value (base
50
0
4/07 7/07 10/07 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10
S&P 500 posite Index
China Shanghai posite India SENSEX
Russia RTS Crude Oil (NYM $/bbl)
Gold (NYM $/ozt) Japan Nikkei 225
Note: all indices start at a value of 100 on 4/5/07; data as of 4/5/10; Source: FactSet. 4
State of the …Mobile Will Be Bigger

Than Desktop in 5 Years
5
State of the –
Usage Growth Remains Robust – 5 Countries = 48% of Users
Global Stats in 2009E
Users, +13% Y/Y(1); Minutes Spent, +21% Y/Y(2)
Russia
39MM users
+13% Y/Y
USA
238MM users China
+4% Y/Y 384MM users
+29% Y/Y(3)
Brazil India
67MM users 130MM users
+14% Y/Y +23% Y/Y
Source: 1) user stats are estimates by Morgan Stanle