Isn't that 1% of smart phone market number off by a factor of ten?
2014 worldwide smartphone sales
|
value creation per unit
|
per-unit royalty
|
revenue
|
1,200,000,000
|
$78.96
|
0.0817
|
$7,741,238,400
|
If the market anticipated that POET was capable of capturing just 1% of this market in 2016 this is what the share price might look like.
222,270,000
|
share O/S
|
$774,123,840
|
1% of smart phone market
|