Mark Bridge writes:
I just wanted to have a few words about the Sony PlayStation Phone. I know I’ve been wrong about things in the past – and I have little doubt I’ll be wrong again – but I’d like to suggest a lot of people have been looking in the wrong place.
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.
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.
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.
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.