Tag: mobile technology news

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 first B747-8 planes have now been delivered with the in flight AeroMobile service.

Boeing has now delivered its very first B747-8 aircraft that will be completely line fitted with the in flight AeroMobile mobile technology service that will then be expanded across many more.

This first craft has been delivered to Lufthansa, a German carrier which seeks to expand the service.

Lufthansa has stated that it will be rolling out the mobile technology throughout all of its long haul fleet before the end of this year. Aside from the B747-8 model aircraft, there will be another model from Boeing that has also already received its clearance for the line fit of AeroMobile. This will be the B777-300ER. Among the customers for that aircraft are Singapore Airlines, Etihad Airways, and Thai Airways.

The AeroMobile mobile technology is based in the United Kingdom and allows for cell phone use.

The tech makes it possible for passengers on the fitted aircraft to be able to use their smartphones to be able to make calls, send texts, and surf the web while they are on a flight. AeroMobile has established roaming agreements with over 240 wireless operators that will then pass the costs onward to their own subscribers.

According to Kevin Rogers, the chief executive at AeroMobile, “Consumers expect to be connected 24/7 and being up in the air is no longer an exception.” Clearly, it is the intention of these airlines to be able to provide a service that allows them to continue to meet those expectations so that they can provide consumers with the experience that they want.

Rogers went on to explain that last year, this mobile technology service observed an increase of nearly 80 percent in the number of passengers who were using their smartphones and mobile devices while they were onboard. Within that same span of time, there was also ten times more data usage than there had been the previous year, and there was a 50 percent rise in the number of text messages that were sent and received. Clearly consumers expect to be able to communicate regardless of whether they are in the air or on the ground.