BBC has two stories - one on how Chat apps have overtaken SMS in some markets and another on how they are challenging Facebook in other markets
"It has projected that nearly 50 billion messages will be sent per day using these apps by 2014, compared with just over 21 billion traditional SMSs.
However, it said that despite the growing gap between the two, SMS will continue to remain a key player in the sector.
"There is a lot of life still in SMS," said Ms Clark-Dickson of Informa.
She explained that most of the chat apps were used by consumers who own smartphones. However, she said, there are a large number of consumers, especially in emerging and lesser developed economies, who use normal mobile phones and rely on SMS as the preferred messaging tool."
and
"Armed with a slew of social features and cutesy illustrations called stickers, messaging applications for smartphones which were conceived in South East Asia are changing the way people communicate around the world.
WeChat from China, Line from Japan and KakaoTalk from South Korea, have managed to attract hundreds of millions of users in a very short space of time.
Having conquered their home markets, these companies are setting their sights on global expansion and mounting a challenge to the more established players in the West"
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