Text messaging revenue to reach $4.3 bln in 2006
Some 4.7 bln text messages were sent in the US in December 2004, compared with 2.1 bln in December 2003 and 253 mln in December 2001, according to CTIA. Revenue from text messaging is projected to grow to $4.3 bln in 2006 from $2.5 bln in 2004, says Forrester Research. CTIA estimates that in 2004, US cellphone users sent 203 text messages on average, or 37 bln in total, while in China, cellphone users exchanged 651 per user, or 218 bln in total, according to the Chinese information industry ministry. About 71% of European cellphone users send text messages, more than twice the%age in the US.