slow death of SMS or excessive profits from Data by Vodafone in Europe. Data revenue exceeds that from SMS.

At the launch of the HTC Sensation vodafone let slip that, for the first time, mobile internet revenue for the carrier has exceeded SMS revenues. The news marks a significant milestone in the European mobile segment, which has historically seen particularly strong SMS revenues.

Now is that the phenomenally popular SMS is on the decline or is the growth of data traffic through either smart phones or 3g enabled laptops and laptop dongles . Or dare I suggest ( you decide) that data is still unusually expensive.