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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 486 |
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While the cell phone industry is a large multibillion dollar industry, the voice to text market is a new relatively small market. In 2005 the entire voice application market made $564.8 million of sales. Although it is expected to nearly triple in sales by 2012, it is still a fairly small market. Even though Motorola will be a “newcomer†to this market, being an established company, controlling over 14% of the entire cell phone industry, it will be quite easy for Motorola to become a huge shareholder in the new and upcoming speech to text market...
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While the cell phone industry is a large multibillion dollar industry, the voice to text market is a new relatively small market. In 2005 the entire voice application market made $564.8 million of sales. Although it is expected to nearly triple in sales by 2012, it is still a fairly small market. Even though Motorola will be a “newcomer†to this market, being an established company, controlling over 14% of the entire cell phone industry, it will be quite easy for Motorola to become a huge shareholder in the new and upcoming speech to text market...
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