"As I think about Google's strategic initiatives in 2011, I realize they're all about mobile," says Google CEO Eric Schmidt.
Google needs to do some serious spadework on three fronts, he says. First, Google has to help foster use of underlying fast networks, especially Long Term Evolution.
Second, "we must attend to the development of mobile money," says Schmidt. "Phones, as we know, are used as banks in many poorer parts of the world—and modern technology means that their use as financial tools can go much further than that."
Third, we want to increase the availability of inexpensive smartphones in the poorest parts of the world.
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