Google Forsees Future in Cell Phone Advertising

Yesterday we reported SK Telecom was developing retail shopping by phone. They are doing this in cooperation with Google, the company that is well on its way to owning planet Earth. In an interview with CNN.com Saturday, Eric Schmidt, Google Inc.‘s chief executive, said that consumers spend up to 10 hours a day on cell phones that are becoming more like handheld computers.

The company will be earning most of its $10 billion revenue this year by selling text ads to computer users who search with Google and expects that mobile phone revenue will match that amount in time. Schmidt also commented that he believes phones will eventually be free if consumers accept the advertising. We think we will continue to use the phones we have and not have to sit through the commercials.

Read More | CNN