There's nothing quite like a Mary Meeker report on the "State of the Internet" to get Silicon Valley geeks excited. Monday night the former Wall Street analyst and now Kleiner Perkins venture capital partner presented her latest report at a Stanford University entrepreneurship event.
As always, the slidedeck from the report (below) is long. It covers a lot of ground, but can best be summed up this way: Smartphones are huge. And as disruptive as smartphones have been, we're just at the start of that revolution.
China and the U.S. lead the way in smartphone users with 270 million and 172 million users, respectively. That represents 24% and 48% of all mobile phone subscribers in those countries.
Overall, there are 5 billion mobile phones users around the world, but only 1 billion smartphone users. That means companies such as Apple, Google, and Samsung are still just tapping into this market.