Vodafone, You’re Going to Make How Much?

Vodafone’s CEO Arun Sarin tells Businessweek that he expects the combination of social networks, mobile advertising, and mobile video (along with other “advanced mobile applications) will generate 10% of the company’s revenue within three or four years. We’re thinking that’s rather optimistic.

We expect these services to generate 10% of our revenue within three or four years,” he says. Vodafone generated $29.4 billion in revenue and $6.6 billion in profit during the first half of the year, beating analyst forecasts.

We looked at their revenue projections – about $59.12 billion for the year ending March 2007 and $62.29 billion for year ending March 2008. At an average annual growth rate of 5%, the company could have sales of around $70 billion by 2010. In other words, 10% of the company’s revenue would work out to about $7 billion. Yikes…. that’s just a little less than what Google is estimated to make in sales this year. That is a lot of money from those advanced mobile applications!

Chew on that, while you chew that turkey! Happy Thanksgiving all!