$52 Billion From Mobile Social Networks in Next 4 Years

Thanks to Alec Saunders who points out a press release posted on the Cellular-News website. The press release states that mobile social networks will account for $52 billion in revenue by 2012 given the high growth scenario. How did they come up with these numbers? Well if you take 30-50% CAGR (Compound Annual Growth Rate) multiply that by seventeen divide by twelve, throw that number into the mobile social network growth calculation formula you will end up with a bazillion dollars.