Science & Technology
Tue, February 21, 2012Mon, February 20, 2012Sun, February 19, 2012Sat, February 18, 2012Fri, February 17, 2012Thu, February 16, 2012Wed, February 15, 2012Tue, February 14, 2012Social Media and Mobile Gaming Continues to Grow - Zynga and Sky-mobi Poised to Benefit
Published in Science and Technology on Thursday, February 16th 2012 at 5:27 GMT by Market Wire
February 16, 2012 08:20 ET
Social Media and Mobile Gaming Continues to Grow - Zynga and Sky-mobi Poised to Benefit
Five Star Equities Provides Stock Research on Zynga & Sky-mobi
NEW YORK, NY--(Marketwire - Feb 16, 2012) - The social media and mobile app market continues to show impressive growth this year. For example, last month's Software & Information Industry Summit in New York featured appeals to publishers to pursue new media, social networking and mobile as avenues to relevancy and revenue. Five Star Equities examines the outlook for companies in the Technology Sector and provides equity research on Zynga, Inc. (
[ www.fivestarequities.com/ZNGA ]
[ www.fivestarequities.com/MOBI ]
Juniper Research estimates that annual revenues from consumer mobile applications will approach $52 billion by 2016 as consumer smartphone adoption accelerates in tandem with the emergence of a mass tablet market. While smartphones will continue to comprise the majority of app revenues over the forecast period, the report noted that tablets -- which currently account for just 7% of global app revenues -- would comprise 25% of such revenues by 2016.
By 2014, tech research firm Gartner estimates over 185 billion applications will have been downloaded from mobile app stores worldwide.
Five Star Equities releases regular market updates on the Technology Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at [ www.fivestarequities.com ] and get exclusive access to our numerous stock reports and industry newsletters.
Zynga Inc. develops, markets, and operates online social games on the Internet, social networking sites, and mobile platforms. The company offers poker games, word games, and board games. On Tuesday the company reported that it lost $435 million, or $1.22 per share, in the fourth quarter. That's down from earnings of $16.1 million, or 5 cents per share, a year earlier when it was still privately held.
Sky-mobi Limited operates the leading mobile application store in China, measured by 2010 revenues, 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.
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