Using SaaS as a business model:And a downloadable App or 'activation license' at $0.99/yr
4 Billion smartphones
10% market penetration Year 2.
400 million phones = ~ $400 MM/yr Revenue
75% Profit Margin = $300 MM/yr Earnings
25 multiple gives $7.5 Billion Mkt Cap.
175-200 million shares Fully Diluted = $35 -$40.00 per share.
Just phones...just 10%