Wednesday, January 22, 2014 10:05:44 AM
soup Friday, 11/18/11 09:52:52 PM
Re: None
Post # of 44685
New company blog.
Metatron/i-Mobilize (MRNJ) Revenues Growing 10% Weekly and Daily Subscription App Sales up 300% in last 90 days
Filed under: Performance — Comments Off November 19, 2011
The Company is pleased to announce a 10% growth in App revenue for the last seven days compared to the week before. We believe its a combination of growing subscription renewals, new iPad apps, app updates appearing in “new” genre categories, and the beginning of the traditionally strong Holiday sales season.
For example yesterday was averaging 30% higher revenue than previous Thursdays in the last 3 months. Also November 16th was highest sales day for subscription renewals in the last 90 days.
The average daily revenue from subscription apps has tripled over the last three months and we expect that subscription revenue will eventually be the #1 revenue generator for the Company sometime in 2012. This is very promising since we only have a few subscription apps for sale now and many more larger ones are in development.
This subscription revenue growth is even before we launch our “Netflix” type subscription app, and other large ones in development. Our goal is to get the “Netflix” type app before the iTunes shutdown Dec. 22nd (Apple doesn’t allow new App uploads or Reviews for a week during the Holidays). We cannot guarantee release date for various reasons and the review time may be extended, but we are shooting for early December. The new apps will be utilizing a different form of streaming tech than our previous apps.
I-Mobilize is now an official developer for Amazon’s new Kindle Fire, a device many believe is the strongest competitor to the iPad to appear in the marketplace yet. We expect to convert some of our top selling apps to the Fire platform in the near future, and if that goes well more apps will follow.
PLEASE NOTE THAT THE COMPANY WANTED THIS IN TO APPLE BEFORE THE DECEMBER 22 SHUTDOWN OF 2011
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