VentureBeat has an article singing the praises of AdMob which is the largest mobile media buying/planning agency (as far as I can tell). The article expounds on the current size of the mobile advertising market and goes on to show a graph (so it has to be true) predicting the future growth of the market.

There’s one problem with the premise of the article/the graph/ and Admob’s business model aside from the fact that no one is paying any attention to mobile ads… The problem is that the mobile web is a stopgap doomed to go the way of the teletype machine. Its not that people won’t be accessing the web via mobile phones (or whatever we end up calling the all in one devices we carry). Its that we’ll be able to get the real web like the one you use on a computer.
Nowhere in the article does the author really address the issue of a medium that is constantly changing. The truth is no one knows what’s really going to happen but to me it seems negligent to start putting wild predictions about billion dollar growth out there for real investors to see. I looked to see if Admob addresses the question on their site and oddly enough Admob’s website isn’t very good and I found nothing nodding to the presence of the real web on the most popular new phone on the market. But they aren’t at fault here for the shortsightedness of the headline. AdMob isn’t a problem and in fact is a great solution for companies that want to advertise on the mobile web they’ll have to innovate with their medium.