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
05/24/201513:00:031 Awesome Way Apple Inc. Is Building Customer Loyalty
05/24/201512:50:03Google, Inc. Is About to Get Its Answer to Apple, Inc.'s Watch...
05/24/201512:05:03Will Wal-Mart Stores, Inc. Crush Amazon.com, Inc.'s Prime Service?
05/24/201511:40:02AT&T's DIRECTV Merger Signals International Growth Focus
05/24/201511:21:02Why Facebook's Instagram Isn't Scared of Google's New Photo Service
05/24/201508:40:03Comcast Corporation's Customers Aren't the Only Ones Who Hate...
05/24/201508:20:03The 3 Most Important Trends to Watch in Social Media Stocks
05/23/201514:32:02Facebook, Inc.'s Addition of Games to Messenger Could Be "Game-Changing"
05/23/201514:05:02More Android Users Are Switching to Apple Inc.'s iPhone
05/23/201511:45:47How to Make a Portfolio of Media Companies
05/23/201511:22:02Microsoft Windows Phone Gets a New (and Old) Partner
05/23/201509:44:02What Is John Malone's Net Worth?
05/23/201508:03:02How to Make a Portfolio of Media Companies
05/22/201508:10:06Spy Agencies Explored Tapping Google, Samsung App Servers
05/22/201507:47:23Spy Agencies Explored Tapping Google, Samsung App Servers
05/21/201519:41:02Facebook Inc. Could Revive Its Payments Business With Games for...
05/21/201518:01:02The Best Business Model for the Internet of Things
05/21/201511:32:36Google Touts Mobile-Ad Technology
05/21/201509:02:03Samsung Electronics Aggressively Expands Into the Internet of...
05/21/201506:42:023 Stocks That Could Hit $1,000

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad