Total annual revenues generated by SMS now exceed $100 billion

"We have now heard from Portio Research, who do report that SMS total global user base has passed 3 billion users. Portion also reports on the total revenues earned by SMS, and yes, that number has now officially passed 100 billion dollars. Yes, as we told you here before, as of now, the service that is only 16 years old, has grown to such a giant, it is as big as the global music industry, plus the total worldwide movie industry, and the total worldwide videogaming industry - added together. That is 100 billlion dollars. Or to put it another way, its bigger than global radio, or bigger than worldwide book publishing,.. Not bad for a messaging platform that allows only 160 characters per message..."
Source: Portio Research, reported by Tomi Ahonen, 30th October 2009