Advertisement

HindustanTimes Sun,21 Dec 2014

NFC phone sales to jump to 100 mn in 2012

Reuters   March 27, 2012
First Published: 14:48 IST(27/3/2012) | Last Updated: 14:51 IST(27/3/2012)

Some 100 million cellphones using Near-field Communication (NFC) technology will be sold this year, with sales more than tripling from a year ago, research firm Berg Insight said on Monday.

Handset vendors released more than 40 NFC-enabled models in 2011, hoping to tap emerging market for mobile payments.

NFC enables data to be exchanged wirelessly over distances of a few centimeters, meaning mobile phones can be used to pay for goods, store electronic tickets, download music and swap photos and business cards.

Berg Insight said it expects the global market for NFC phones to grow to 700 million phones in 2016 from 30 million in 2011.

NXP Semiconductor is the leading manufacturer of NFC chips, while also Inside Secure (INSD.PA) has won some deals


Advertisement
more from Business

Year-end high: Flipkart announces $700 million funding

Flipkart, India’s largest e-commerce marketplace, on Saturday announced a US $700 million (Rs 4434 crore) investment even as 2014, the year that has seen huge fund flow into India’s rising consumer internet industry, is about to end.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved