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Android revenues have brought $31 billion to Google

According to recent reports, the tech giant’s profits from that amount were about $22 billion.

An attorney for Oracle has recently released a figure that has shown that Android revenues for Google since its original launch have been an estimated $31 billion, with $22 billion of that amount consisting of profit.

The figures were released by the lawyer as a part of the lawsuit Oracle has filed against Google.

The report on this issue was originally made by Bloomberg. It stated that within the lawsuit, it is claimed that Google has been using the Java software from Oracle in order to generate its mobile operating system and that it has been generating these Android revenues without having paid for the use of the Java software in the first place. The figures quoted by the lawyer had to do with the earnings that had been generated from a range of different mobile services and products.

The Android revenues included everything from app purchases to ads running on the operating system.

Android Revenues Bring Google BillionsThe figures shared by Oracle were based on internal financial documents from Google and included the earnings from app purchases within the Play store and Google supplied ads that were run on the mobile OS. Google was quite displeased with the fact that Oracle had obtained and openly shared those figures that were meant to remain internal.

Google expressed its displeasure in the form of a request that it made for a redacting of the figures from the public transcript of the case. It said that “Google does not publicly allocate revenues or profits to Android separate and apart from Google’s general business.” The request went on to say that “That non-public financial data is highly sensitive, and public disclosure could have significant negative effects on Google’s business.”

As of the writing of this article, the decision as to whether or not the Android revenues and profits would be redacted from the case’s public transcript had not yet been laid down. It is not yet known whether the figures will be allowed to remain or whether they will indeed be blocked from the public eye. What is known is that the media has already taken hold of the figures published by Bloomberg.

Mobile payments find a foothold in South Korea

Many consumers are turning to their mobile devices to get their shopping and banking done

Mobile payments have become quite popular in South Korea. The country is home to one of the most expansive mobile Internet infrastructures in the world and many consumers have begun to exploit the Internet speeds they have access to in order to get their shopping done quickly. A new report from the Bank of Korea shows that consumers are beginning to favor their mobile devices when shopping online, largely due to the convenient nature of mobile commerce.

Bank of Korea report shows that one in six consumers turn to mobile payments

According to the report from the Bank of Korea, one in six South Korean consumers have made use of a mobile payments service. The report shows that most consumers make use of these services once to three times a month. Approximately 23% of consumers reported that they use mobile payments services at least once a month, with another 23% reporting that they use these services much more frequently; at least once or twice a week. With more consumers becoming involved in mobile commerce, many businesses may find new opportunities to effectively engage these potential customers.

Demand for secure and reliable services continues to rise in South Korea

Mobile Payments Boost - South KoreaBank of Korea suggests that organizations should improve their mobile banking operations in order to effectively engage consumers on smartphones. In improving these operations, organizations should focus on two aspects of the mobile commerce world: Security and reliability. The demand for reliable mobile payments services and new banking services is growing, creating opportunities for financial service instructions that may result in economic success. Organizations will also have to ensure that the services they offer are capable of adequately protecting consumer information.

Security remains a priority for companies involved in mobile commerce

Security is, perhaps, the most important issue to address. Many consumers have avoided using mobile payments services because they worry that their information may be exposed to significant risks. Companies involved in the mobile payments space have been working to allay fears concerning security through the introduction of new technology. New services with more robust security features are becoming available as a result.