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 rory.gallivan@dowjones.com; Twitter: @RoryGallivan Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Google Inc. (GOOG)
DateTimeHeadline
07/23/201603:03:00Verizon Near $5 Billion Deal To Buy Yahoo's Web Assets -- WSJ
07/22/201612:30:00Autopilot Crash Shouldn't Slow Self-Driving Development, Regulator...
07/22/201611:52:00Tesla Autopilot Crash Shouldn't Slow Self-Driving Development...
07/22/201601:00:00Poké mon Go' Launches in Japan
07/21/201622:40:00Samsung Sues Huawei Over Patent Infringement
07/21/201615:50:00Firefox Will Dump Adobe's Flash in August
07/21/201615:41:00Firefox Will Dump Adobe's Flash in August
07/21/201604:20:00Japan McDonald's Shares Hit 15-Year High on Poké mon Tie-Up
07/20/201622:40:00Canadian Music Rights Company Acquires Royalty Collection Startup
07/20/201612:55:00Fictional Problems at 'Silicon Valley' Get Real-Life Legal Advice
07/20/201612:29:00Google Uses AI to Lure New Cloud Customers
07/20/201609:38:00Correction to GM's 2Q Results to Shed Light Article
07/20/201608:40:00McDonald's Japan Unit Plans Poké mon Go Tie-Up
07/20/201608:29:00Don't Fall for Pokémon Malware
07/19/201616:40:00U.S. Considers Expanding Automated-Driving Technology Oversight
07/19/201610:30:00McDonald's Unit to Sponsor Poké mon Go in Japan
07/19/201603:03:00Yahoo Slumps as Bids Near -- WSJ
07/18/201620:12:00Yahoo Posts Another Loss, Highlighting Hurdles for Potential...
07/18/201619:41:00Yahoo Posts Another Loss, Highlighting Hurdles for Potential...
07/18/201617:47:00Yahoo Posts Another Loss, Highlighting Hurdles for Potential...

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad