The greatest amount of technology wealth created in the next five years will be created by mobile Internet companies, says Morgan Stanley analyst Mary Meeker.
With the innovation coming from Apple’s iPhone and Google’s Android software, the position of the U.S. as a laggard in the space will change, she said at the Web 2.0 Summit in San Francisco. “I think we’ll end up being leaders in the market place in the next five years.”
Meeker said she is impressed by the growth and market position of four top Web companies: YouTube, now owned by Google, Facebook, Skype and PayPal, the last two of which are part of eBay.
Despite following Internet companies for more than a decade, Meeker said she still can’t tell whether the present downturn will last one year or five.
It is clear, Internet advertising is slowing, she said. Display advertising, in particular, will be challenged, but search advertising will do better, she said.
