The prediction, in brief:

Jupiter Communications projected “$3.1 billion in annual business-to-consumer revenue for e-commerce by 1998.” Forrester predicted $2.3 billion. The real number turned out to be more than $13 billion.

Predictor: Jupiter Communications

Prediction, in context:

In his 1999 article for Context magazine on the “Five Worst” Internet predictions, Evan Schwartz writes about industry consultants’ inaccurate mid-1990s estimates of the economic growth of this new industry:”Researchers also grossly underestimated the size of the electronic commerce marketplace. In 1995, Jupiter Communications projected ‘$3.1 billion in annual business-to-consumer revenue for e-commerce by 1998.’ Forrester predicted $2.3 billion. The real number turned out to be more than $13 billion.” 

Date of prediction: January 1, 1995

Topic of prediction: Economic structures

Subtopic: E-commerce

Name of publication: Context

Title, headline, chapter name: The Five Worst Predictions of the Internet Age

Quote Type: Partial quote

Page number or URL of document at time of study:
http://www.digitaldarwinism.com/5worst.html

This data was logged into the Elon/Pew Predictions Database by: Stotler, Larry