Actually, Cisco CEO John Chambers said the “Internet of Things” is worth more than $19 trillion in PROFITS. And has Herb Greenberg wrote of at The Street, Chambers mentioned the “Internet of Things” 16 times on the conference call. In the next decade, just how much of that supposed $19 trillion will Cisco earn?
But I think Bloomberg’s Stephanie Ruhle had the best way to question that number: “That’s a lot of self-working coffee machines and thermostats.”
Chambers’s $19 trillion comment comes about the 4 minute mark in the video below.