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Watch: Mary Meeker Delivers Her 2018 Internet Trends Report
Capital Markets, FinTech
The latest version of the Mary Meeker’s highly anticipated annual Internet Trends Report has arrived and you can watch the video of her presentation below, courtesy of Recode‘s 2018 Code Conference.
Here are some of the highlights from the Kleiner Perkins Caufield & Byers partner’s 2018 report:
- There was no growth in global smartphone unit shipments, which should only reinforce the concerns that this will likely be a slowing revenue generator for Apple, Samsung and other companies.
- There is slowing growth in global internet users; in the U.S. there was 7% growth last year, compared to 12% in 2016.
- Innovation and competition is driving product improvements, usefulness and usage. This includes better, faster and cheaper phones.
- “Easy-to-use” products are becoming more pervasive – including those in messaging, payments and media. Meeker’s report finds that the digital reach of mobile payments is expanding and digital currencies have begun to emerge.
- Meeker also touches on the “privacy paradox” in which internet companies have been able to utilize user data in order to make low-priced products better; users have increased their time spent on these services based on perceived value; and regulators have begun to crack down on data that is used “improperly.” Meeker’s take on this paradox: “It’s crucial [for internet companies] to manage for unintended consequences,” but “it’s irresponsible [for regulators] to stop innovation [and] progress.”
- Tech companies’ importance to the U.S. economy continues to grow, now accounting for 25 percent of the country’s market cap.
- More than half of the richest tech companies in the U.S. are founded by first- or second-generation immigrants, assuring that Silicon Valley will continue to lobby for better immigration laws.