The following video is part of our "Motley Fool Conversations" series, in which senior technology analyst Eric Bleeker and Chief Technology Officer Jeremy Phillips discuss topics across the investing world.
In today's edition, Eric and Jeremy look at how iMessage is disrupting text messaging. Globally, there were 8 trillion text messages sent last year! While that's an incredible volume of texts, they take up almost no data and are a huge cash cow for wireless carriers. However, as iMessage is showing, applications on smartphones can handle the same functionality as texts, potentially allowing consumers an end-around to costly texting plans. The main barrier to conventional SMS texts being a thing of the past is one company gaining critical mass around a text application. Over time, that barrier doesn't look very strong, which could potentially cause wireless carriers to redo their entire business model.Wireless carriers like AT&T and Verizon might not be your best profit plays as the mobile revolution unfolds, but that shouldn't stop you from investing in the mobile space. The Motley Fool has just released a free report on mobile named "The Next Trillion Dollar Revolution" that details a hidden component play inside mobile phones that's also absolutely dominating the exploding tech market in China. Inside the report, we not only describe why the mobile revolution will dwarf any other technology revolution seen before it, but we also name the company at the forefront of the trend. Hundreds of thousands have requested access to previous reports, but you can be among the first to access this just-released report by clicking here -- it's free.