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Research says mobile application store downloads will double in the next 12 months

Research company Gartner has forecast that worldwide mobile application store downloads are expected to reach 17.7 billion downloads this year, a 117% increase from last year’s estimate of 8.2 billion downloads.

Revenue from the applications sold is projected to exceed $15.1 billion in 2011.

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Facebook buys mobile ad company

Facebook has acquired Rel8tion, a Seattle-based business that was less than a year old.

Rel8tion had previously been working to create a mobile advertising service that used a person’s location when determining the most appropriate advertising to display.

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European mobile phone sales hit an online high

Research from GfK Retail and Technology shows that more than 7% of all mobile phones bought in Europe last year were purchased online.

Smartphone sales are a particularly popular choice for online shoppers, with approaching one in five sold via the web.

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LG results show drop in 2010 mobile phone sales

LG Electronics has announced quarterly and annual results, recording a KRW 256.4 billion (£1.45 million) net loss in the fourth quarter of 2010.

Figures for the year showed a net profit of KRW 1.3 trillion (£736 million) and revenues of KRW 55.8 trillion. Operating profit for the year was KRW 176.4 billion.

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O2 introduces free public WiFi for the UK

O2 has announced a free public WiFi service for the UK.

It’s called O2 Wifi and will be available to O2 and non-O2 mobile customers after a simple sign-up process. This sign-up is expected to be automatic for O2 customers on their WiFi devices by the end of the year.

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