Arlington,
Va. – The NASDAQ OMX Group and the Consumer Electronics Association announced
today the introduction of the NASDAQ OMX CEA Smartphone IndexSM, a new
benchmark for the telecommunications sector focused on wireless, mobile devices
with advanced communications functionality.
The NASDAQ
OMX CEA Smartphone Index, comprised of 84 companies, is meant to be a modified
market capitalization index that includes companies that are primarily involved
in the building, design and distribution of handsets, hardware, software and
mobile networks associated with the development, sale and usage of smartphones.
It is said
to be calculated in real-time across the combined exchanges and disseminated by
NASDAQ OMX in U.S. dollars.
“This
index brings sharper focus to an industry that is transforming the world’s
ability to communicate, work and interact with each other,” said NASDAQ OMX executive
VP John Jacobs, in a statement. “Investors, thanks to this index, can now
easily track companies that are working diligently to combine the benefits of
the phone and computer in a single device.”
“The consumer
electronics industry is known for innovation in technology, and we are
delighted to work with NASDAQ OMX to bring new innovation to financial
products,” said Shawn DuBravac, chief economist and research director at CEA.
“Smartphones represent the fastest-growing segment of the wireless industry and
the ability to track this sector through an index provides a great new tool for
investors.”
