ADVFN - Advanced Financial Network.
HOME» NASDAQ » G » GOOG Stock Price » GOOG Stock News

Google Inc. Share News

 Google Inc. (mm) Stock Price
GOOG Stock Price
 Google Inc. (mm) Stock Chart
GOOG Stock Chart
 Google Inc. (mm) Stock News
GOOG Stock News
 Google Inc. (mm) Company Information
GOOG Company Information
 Google Inc. (mm) Stock Trades
GOOG Stock Trades

Forbidden Technologies Plans to Boost Smartphone App Revenue

By Rory Gallivan LONDON--Video editing platform developer Forbidden Technologies (FBT.LN) plans to increase revenue from its smartphone app Clesh by making it free to some users in the belief that they will upgrade to more expensive advanced versions, its chief executive said Wednesday. Forbidden Technologies currently sells Clesh, which people with smartphones use to edit videos to upload onto the website Youtube, for $4.99 on Google Inc.'s (GOOG) app store Play. Steven Streater told Dow Jones Newswires the company could generate much more by making different versions available at different prices. "The business model could be that 20 million people download the free app and then 1 million spend $5 upgrading and some upgrade to a $100 version," Mr. Streater said. He explained that about 7,500 people currently have Clesh accounts and that the relatively small number of users makes it easier for Forbidden to deal with customer feedback as it prepares the product for a wider market. "We're building up expertise on the tech side and on the consumer side," Mr. Streater said, adding that he himself has been involved in communicating with customers to find out how Clesh can be improved. He said that most of the issues customers have had with Clesh in its early stages have been fixed, but declined to say when the company will introduce different versions of the app. Forbidden Technologies's video editing platforms operate over the "Cloud", a means of accessing data and services over the Internet. The company said earlier Wednesday that it expects full-year revenue to significantly exceed analysts' forecasts of a 50% revenue rise in 2012, helped by demand for its professional video editing platform Forscene. Forscene currently accounts for a much greater share of the company's revenue than Clesh. -Shares at 1552 GMT, up 3 pence, or 15%, at 23 pence valuing the company at GBP18 million. Write to Rory Gallivan at; Twitter: @RoryGallivan Subscribe to WSJ:

Stock News for Google Inc. (GOOG)
05/05/201521:05:41Fossil Beats Earnings Estimates; Shares Spring Forward
05/05/201521:04:35Fossil Beats Earnings Estimates; Shares Spring Forward
05/05/201519:14:06Yahoo's Marissa Mayer on Microsoft Search Deal, Alibaba Spinoff
05/05/201518:48:21Amazon, Google See Shift in Regulatory Stance on Commercial Drones
05/05/201514:53:24Little Republic Wireless Faces New Rival: Google
05/05/201514:26:10Little Republic Wireless Faces New Rival: Google
05/05/201514:00:023 Socially Responsible Companies with Huge Cash Flows
05/05/201513:48:21Little Republic Wireless Faces New Rival: Google
05/05/201513:20:02The Walt Disney Company Earnings: Elsa, Anna, and The Avengers...
05/05/201510:36:34RetailMeNot Reports Slide in First Quarter Profit -- 2nd Update
05/05/201510:20:19RetailMeNot Reports Slide in First Quarter Profit -- Update
05/04/201523:50:24Cisco Joins Race to Boost Internet Speeds
05/04/201523:04:28Mayweather-Pacquiao Boxing Match Shows Might of Live-Streaming...
05/04/201522:30:12Cisco Joins Race to Boost Internet Speeds for Cable Companies
05/04/201519:23:02What Could Possibly Go Wrong With Disney Stock?
05/04/201519:02:35From Einhorn to Ackman, Live From the Ira Sohn Conference...
05/04/201515:21:15Is Comcast Corporation's Great Quarter Masking a Bleak Future?
05/04/201508:00:02Facebook Attempts to Replace Android's Apps Again
05/03/201517:20:02Mobileâs Best Blue-Chip Stocks: Apple, Inc., Google Inc., and M...
05/03/201513:08:02This Struggling Industrial Giant is Gearing up to be the Next...

Google Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations