NeoMedia Technologies and Sky-mobi Poised for Staggering Revenue Growth
15 November 2011 - 12:16AM
Marketwired
The mobile app market continues to grow at a staggering rate. While
it remains tricky to garner significant revenues from individual
apps, several companies are making headway. App developers have
boosted earnings by charging monthly subscription fee to access
their services or by generating advertising revenue from ads linked
to the app. The Bedford Report examines the outlook for companies
in the Technology Sector and provides stock analysis on NeoMedia
Technologies, Inc. (OTCBB: NEOM) and Sky-mobi Limited (NASDAQ:
MOBI). Access to the full company reports can be found at:
www.bedfordreport.com/NEOM
www.bedfordreport.com/MOBI
Research firm Gartner predicts worldwide sales of smartphones
will reach 461.5 million in 2011 and rise to 645 million in 2012.
In 2011, sales of smartphones will overtake shipments of PCs (364
million). Combined sales of smartphones and tablets will be 44
percent bigger than the PC market in 2011. Gartner further
estimates that a staggering 18 billion apps will be downloaded in
2011, up 114.5 percent from 2010 and will rise to 31 billion in
2012.
Going forward, Gartner expects the sale of apps to generate
US$58 billion globally by 2014 and Berg Insight expects the number
of apps downloaded to reach 98bn by the end of 2015.
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NeoMedia's mobile app technology platform transforms mobile
devices with cameras into barcode scanners, enabling a range of
practical and engaging applications including consumer oriented
advertising, mobile ticketing and couponing, and
business-to-business commercial track and trace solutions. Mobile
barcodes provide a means for consumers to quickly access data
without having to type in long phone numbers or URLs.
Sky-mobi Limited operates the leading mobile application store
in China as measured by revenues in 2010, according to Analysys
International. The company works with handset companies to
pre-install its Maopao mobile application store on handsets and
with content providers to provide users with applications and
content titles. Last month the company made headlines after it
announced that it has entered into a strategic agreement with SINA
Corporation. Under the terms of the agreement, SINA's microblog
Weibo.com will be made available as a downloadable application via
the Maopao application store and via technical plug-ins to
Sky-mobi's Maopao mobile social network.
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