THE BUSINESS OF TECHNOLOGY
Apple is killing Android on the mobile gaming field, dominating 84 percent of the revenue spent on mobile games, according to a recently released study from Newzoo. Surveying 17,000 individuals, the company compiled revenue data from the top 200 games for both iOS and Android. The majority of actual revenue was spent on the iOS platform, a trend … [Read more...]
Pandora, the personal online radio streaming service, has signed 150 million registered users, the company recently announced at the CTIA Wireless Conference in New Orleans. Plus, the company has rapidly progressed on mobile. More than 100 million users access Pandora through a smartphone or tablet, with 70 percent of users accessing the site … [Read more...]
By Matt Gallagher, Red Herring Facebook has acquired Instagram for a jaw dropping billion dollars in cash and stock, impressive bones for a two year old startup that previously had little to no business plan. It's the largest acquisition in the social network's history, and as Wired points out, a mind boggling cash windfall for Instagram's … [Read more...]
Monitise, the UK mobile banking specialist, has bought its US competitor Clairmail for $173 million. Its a consolidating move that reflects a coming of age in mobile banking. The combined companies will serve more than 13 million customers, processing $10 billion in weekly payments. Now with one third of the top 50 US financial institutions, … [Read more...]
The number of new smartphone activations in China is growing by staggering leaps and bounds. Though the country ranked in only 11th place at the start of 2011 in iOS and Android activations, it is now poised to gain the number one position and put the US at number two, according to data recently released by Flurry, the mobile analytics … [Read more...]
The global tablet game revenue is expected to hit $3.1 billion by 2014, and is expected to make up a third of all mobile game revenue by 2016 when the total spent on mobile games is expected to be $18.3 billion, according to a recent report from Juniper Research, the analysis firm. Tablet game revenue stood at $491 million for 2011, by Juniper's … [Read more...]
Sprint will terminate its 15-year, $9 billion partnership agreement with LightSquared, the company recently announced. America's third largest wireless carrier will return $65 million in payments to the startup. The partnership would have enabled LightSquared to use the phone carrier's 40,000 towers to build out a ground based network covering … [Read more...]
China is poised to become the world's leader in smartphone shipments in 2012, according to recent research from IDC. With its sheer size, China nudged the US out of the lead by a hair, but is expected to continue to widen the gap as more of the developing country's users sign on to the smartphone revolution. The research firm predicted China … [Read more...]
China Mobile has surpassed 15 million iPhone users, despite not being able to sell the device legally or have a system that actually supports the extent of the phone's capabilities. The company has seen 5 million new iPhone activations since October, despite lacking an actual Apple partnership to sell the phones in China. Remember, there was a … [Read more...]
Apple debuted the next generation of the iPad, which sports 2048 x 1536 pixels in super high resolution “Retina” display that's four times that of its predecessors. Offering more than 1 million pixels more than an HD TV, the 9.7 inch screen features 3.1 million pixels with a 44 percent color resolution, according to Apple. The device runs on a … [Read more...]