Gadget Addict

There are many players in this market as it continues to grow. Companies like Cisco, Polycom, Aiptek, LG, Skype, Aiphone and a slew of others compete in video phone market space. Even Donald Trump featured a company on his show, the Celebrity Apprentice, no once but twice, showcasing this technology. Do you think "The Donald" promotes anything that is not profitable? (Ok. Maybe so, if you pay him enough) Cisco announced last year at the Consumer Electronics Show that it would spend approximately $3 billion dollars for a company to manufacture a home version of their Telepresence product. A company that is spending that type of cash is not in it to be 2nd or 3rd. Better yet, they're not investing that type of money to be "somewhat" profitable.

Competition

The video phone calling market does have competition. Not only is there competition in this market, some companies are doing it for free. Skype offers a free calling feature to their members that allows you to see the person you are talking to. It was featured on CNN and, at the time, they were contemplating charging for the service. The drawback is that the service is very choppy (you ALWAYS get what you pay for). So with companies offering free services, how do companies plan to compete?.

Mobile

What about on mobile phones? Right now you can have video capability on just about any smartphone out there. There are free apps like Tango that allows you to see the person you are talking to right from your smart phone. iPhone has FaceTime that does the same thing. So with the purchase of your smart phone, video phone features are built right in, for free. With so many people using their cell phones as home phones, you would think that the market gets smaller and smaller for this product. However, if you have seen the actual service in action on your mobile device you wouldn't be all that thrilled. It is a great concept and it works OK but I am just glad it's free.

Cost

As previously mentioned, you can't beat free. But anyone looking to purchase, right now they range anywhere from $166 to $660 for the higher end equipment. Again, Cisco didn't pay big money to lose, so with all the talk of free video phone calling and equipment being given away, this is a highly profitable industry and experts predict that this will become the standard home phone over the next 7 to 10 years. Are you on board with this new technology?

If you would like to learn more about video phones and get the inside scoop on hot deals on video phones, follow industry expert Mori Langshaw on what is soon to be the hottest technology.

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