The phone is starting to have the kind of impact on the industry that has been seen with only a few products, such as car or big kitchen. This week, in a number of corporate earnings report showed the ripple effect.
Corning said Tuesday that its quarterly profit increased 41%, partly due to increased sales of its unusually strong Gorilla glass, which is used in displays of smartphones. Gorilla glass, which is used in about 200 million mobile devices, has produced approximately 250 million dollars of revenue for Corning in 2010. James b. Flaws, chief financial officer of the company, said analysts that Gorilla glass could generate $ 1 billion in revenue this year.
Kodak has reported its earnings Wednesday morning and notice that the quarterly revenue from its digital business, which includes his camcorder, slid 25 percent a year ago. Kodak executives in part blame competition from mobile phones, which are causing serious problems in the market for low-end point-and-shoot digital cameras, the kind that makes Kodak.
Investors are expecting revenues of Verizon Wireless to pop, once the iPhone built for that carrier goes on sale. They are also looking to see the impact that Smartphones, iPhone, in particular, will have on Qualcomm chips, that provides the radio for the iPhone at Verizon. Stock of Qualcomm is 34 percent from last fall, when the market recognized that it was a supplier of iPhone criticism.