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Morgan Stanley report states we’re "now in the early innings" of mobile Internet development, which is growing faster than previous tech cycles, including the evolution of the desktop PC.

The mobile Internet is growing faster than its desktop counterpart ever did, and more users may go online via mobile devices than desktop PCs within five years, according to a new study by investment firm Morgan Stanley.

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The report states we’re "now in the early innings" of mobile Internet development, which is growing faster than previous tech cycles, including the evolution of the desktop PC. Given the rapid adoption of smartphones, including (obviously) the Apple iPhone and a growing number of devices using Google’s Android mobile operating system, Morgan Stanley’s conclusions shouldn’t surprise anyone.

The study also points out that mobile Net growth is a global phenomenon, not one confined to the developed world, which was typically the case with prior tech trends.

- PC World, Dec. 16, 2009

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