According to ABI research, mobile music streaming will see significant growth in the coming years with the subscriber base expected to cross 161 million by 2016, compared to 5.9 million projected by the end of the current year. That translates to a compounded annual growth rate of 95%. By 2012, Asia Pacific should become the
According to a report by Cisco, global mobile data traffic grew 2.6 times in 2010. Last year, mobile data traffic recorded data flow of 237 petabytes per month. Mobile video traffic accounted for 49.8% of total mobile traffic last year and is projected to grow to 52.8% in the current year. The growth was seen
Today, the VC-funded startup market is full of Internet companies that command sky-high valuations without a robust monetization strategy in place. However, there are also organizations such as Fusion-io that are able to support valuations and IPO plans with a sound product strategy. The company, which was ranked Number 2 by The Wall Street Journal out of the top
Government spending during the quarter is estimated to have fallen 8% over the year – not good news for Cisco, which gets 22% of its revenues from the sector and is already seeing troubled times. The company’s stock price fell 15% last year. During the current year, while the Dow Jones has gone up 10%,
According to the Recording Industry Association of America, the money spent per capita on recorded music for the U.S. fell from $71 in 1999 to $26 in 2009. Digital music services such as single song and album downloads, subscriptions, online radio stations, and mobile phone downloads fundamentally changed the way the industry worked, beginning around 2003. By 2009,
Unemployment rates in the country inched up marginally from 8.8% in March to 9.0% in April. Despite this only slight increase, the unemployment rate was 0.8% higher than in November. ADP’s report on non-farm payroll recorded the creation of 179,000 jobs in the private sector in April, which is significantly lower than February’s job gains
Over the past decade, the growing importance of niche communities in today’s business dynamics has become increasingly clear. Local search and classifieds have helped address the needs of these communities. While Yelp remains a leader in leveraging user-generated content, Angie’s List has also established itself as a strong contender, albeit with a slightly different focus. Angies’s
Over the past few months, we have looked at many new Web-based companies that have managed to deliver sky-high valuations without supporting revenues. Flipboard is one more such company: It has a service that users like, but it has yet to figure out a successful monetization strategy.