In the following video, Fool.com analyst Andrew Tonner says that while smartphones certainly aren't new to the market, there's still plenty of time for new tech investors to get on board.
Why? Research firm IDC projects that the smartphone market will grow by 18% annually. While it calculates that Google (NASDAQ: GOOG) and Apple (NASDAQ: AAPL) will maintain dominant positions, there's still plenty of space for smaller entrants. If Research In Motion (NASDAQ: RIMM) can introduce good operating systems, it will stay relevant, Andrew says. But the big winner will be Microsoft's (NASDAQ: MSFT) Windows phone, which IDC says will experience a 71% growth rate and become the third-largest player by 2016.
Andrew says that on the whole, people should be bullish on the smartphone industry. Anytime there's 14% to 16% growth, there are likely to be good market outcomes.
