Before Amazon.com, Inc. (NASDAQ:AMZN) is expected to debut its 3D smartphone, the company is taking the time to boast of how far their app store has come, CNET’s Bridget Carey reports.
According to the web commerce giant, its app store selection has nearly tripled year-over-year. In a statement released on Monday, Amazon.com, Inc. (NASDAQ:AMZN) Appstore and Games Vice President Mike George said that: “Developers tell us that they experience improved reach, greater monetization, and, oftentimes, higher revenue when they have their apps and games in the Amazon Appstore.” However, he said that this is just the beginning as the company is “building more services and capabilities for developers and more Android-based APIs based on their feedback.” This, the VP added, will ensure that developers can reach Android devices worldwide through their marketplace.
Carey said in her report that:
“Amazon is selling more than 240,000 apps and games. That’s roughly the same amount of Windows Phone apps. It’s also a quarter of the size of the app stores for Apple and Google. Kindle devices can buy from the Amazon app store and it’s also available to anyone who has an Android device. A large app store is crucial to convincing consumers that an Amazon smartphone would be worth buying.”
Furthermore, Carey added that Amazon.com, Inc. (NASDAQ:AMZN) has revealed that its coins are growing in popularity. Coins can be used on Amazon to buy things, sometimes at a better price than when using regular money.
Meanwhile, Carey also reported that Bitcoins are now available on the Apple Inc. (NASDAQ:AAPL) app store. Recently, the iPhone-maker revised its guidelines for its app store to allow apps that process digital currencies like bitcoins back into it after they were earlier banned. According to Carey, Coin Pocket is the first bitcoin wallet to return to the Apple app store.
Shareholders in includes David Stemerman’s Conatus Capital Management which had 257,478 shares in the company by the end of the first quarter. That stake was valued at about $86.61 million. Another shareholder is Bill Miller’s Legg Mason Capital Management which reported 255,902 shares in the company during the same period for a stake that was valued at about $86.08 million.
Disclosure: None
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