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$50 Android Smartphones Will Start Eating the World This Year, Andreessen Says

By Mark Milian
April 29, 2013 8:03 PM EDT 1 Comments

Marc Andreessen, who declared that software was eating the world in 2011 and that online-business services were the theme of 2012, has a new prediction for 2013: Cheap smartphones are going to connect the world.

"The $50 Android smartphone is about to hit the market worldwide," Andreessen, the Netscape co-founder turned venture capitalist, said in an interview on Bloomberg TV. "Smartphones are about to be put in the hands of another 3 billion people who don't have them. And that's probably the single biggest thing that's happening right now."

A bargain-basement phone running Google's mobile operating system would enable poor people who can't afford today's smartphones, including those in emerging markets, to finally have regular Internet access, according to Andreessen, a founder of Andreessen Horowitz. Bloomberg LP, the parent of Bloomberg.com, is an investor in Andreessen Horowitz.

The prediction comes at the 3:38 mark in the video. In a separate clip from the interview, Andreessen talks about his firm's investment philosophy.

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