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]