Tag: mobile apps

The company behind the wildly popular and addictive mobile apps is seeking to raise $500 million.

The mobile app development company behind Candy Crush Saga, King, has made technology news headlines as it is to raise at least $500 million in an initial public offering.

The British computer games company has said that its most popular mobile app generated 78 percent of its Q4 revenues.

This, and a number of other statistics were also released in this latest mobile technology news, including that approximately 93 million people play the Candy Crush Saga app every day. This, according to the documents that King filed with the United States SEC. That application is, by far, its biggest hit and its popularity continues to grow.

The technology news continued as the company revealed that the game brought in $1.9 billion last year.

According to King, this is a massive increase over the tremendous earnings it was already generating through the Candy Crush Saga in 2011, which were “only” $64 million. All of these figures were included in the pre-IPO documents submitted by the company.

At the same time, though, King still found itself in a pre-tax loss of $698,000 in 2011. The company managed to turn that around quite dramatically in 2013, showing a $714.3 million profit. The company is registered in Ireland and has its headquarters in London, but has filed to float under the ticker “King”, on the Nasdaq stock exchange in the United States.

Now the company must face its next challenge, which will be to win over investors and build their confidence after the mobile gaming sector has performed quite poorly and unexpectedly in the past. Many will surely be worried that they will only find themselves burned once again by the hype of this technology news and the opportunity that King appears to be presenting.

The first case that typically comes to mind was that of Farmville on Facebook. It was created by the mobile app development company, Zynga, a major competitor of King. It drew a tremendous user base and created a great deal of excitement before its 2011 floatation, after which it rapidly plummeted to about one third of its IPO price, as the company scrambled to try to come up with another equivalent success.

The application uses the GPS built into the device to ensure that food is served fast and hot.

Taco Bell is about to join the latest mobile apps that will be bringing enhancements to ordering functionalities over smartphones and tablets, as they expand the testing of location based marketing and services using GPS technology.

Californian consumers will likely be the first ones who will be able to take advantage of the new app.

Though using location based technology in mobile apps may seem as though it is a little bit risky, as it closes the window for error quite a bit, this does not seem to be the actual experience at the Taco Bell test restaurants, so far. It could seem that people would try to make their food orders on their way to the restaurant and that this would increase the likelihood of long wait times, but so far, those who have tested it are often reporting that their maximum wait times are around two minutes.

Taco Bell is using the design of its mobile apps to better suit the needs of its primary demographic.

The consumers who eat at their quick service restaurants the most are, according to Taco Bell, young Millenials. As those are the people who are the most likely to have smartphones and to use them for a greater number of daily activities, it only seems to make sense that restaurants tap into that with location based marketing and services that can help to increase their sales.

Their latest report indicated that among smartphone owners, two out of every five will use their mobile devices for finding a place to eat. Providing these diners with a way to not only find the restaurant locations very easily using GPS technology, but also offering a way to actually order the food while on the go so that it will be ready upon arrival.

Though Taco Bell is not the first company to implement mobile ordering, its mobile apps appear to be the first ones that will be full featured and that provide the ability to order anything from the menu – including customizations of those menu items – while allowing the customer to tell the restaurant when he or she will be arriving at the location to pick it up.