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Nasdaq creates “smartphone index”

By: , IntoMobile
Monday, April 12th, 2010 at 1:15 PM

In another sign that smartphones are going to play large role in our lives going forward, Nasdaq and the Consumer Electronics Association have created a “smartphone index” to track this segment.

The index includes the major players like Apple and Research In Motion, and it is a modified market-capitalization index that focuses on those who build or distribute smartphones. This also includes software makers and mobile networks associated with smartphone usage.

“Smartphones represent the fastest growing segment of the wireless industry, and the ability to track this sector through an index provides a great new tool to investors,” said Shawn DuBravac, director of research at CEA, in a statement.

Update: Use “QFON” to track the smartphone index but it’s kind of wonky at the moment.

[Via MarketWatch]

About The Author

Marin Perez

Marin Perez has torture tested cell phones and smartphones for industry leaders like CNET and InformationWeek. He remembers when 4G was just a screen on PowerPoint presentations and is fascinated with the amount of innovation out there. Marin has spent a lot of time with BlackBerry and Android but he finally broke down a bought an iPhone to see what all the hype's about. He also has too many tablets.