SOURCE: The Bedford Report

The Bedford Report

November 14, 2011 08:16 ET

NeoMedia Technologies and Sky-mobi Poised for Staggering Revenue Growth

The Bedford Report Provides Equity Research on NeoMedia Technologies & Sky-mobi Limited

NEW YORK, NY--(Marketwire - Nov 14, 2011) - The mobile app market continues to grow at a staggering rate. While it remains tricky to garner significant revenues from individual apps, several companies are making headway. App developers have boosted earnings by charging monthly subscription fee to access their services or by generating advertising revenue from ads linked to the app. The Bedford Report examines the outlook for companies in the Technology Sector and provides stock analysis on NeoMedia Technologies, Inc. (OTCBB: NEOM) and Sky-mobi Limited (NASDAQ: MOBI). Access to the full company reports can be found at:

Research firm Gartner predicts worldwide sales of smartphones will reach 461.5 million in 2011 and rise to 645 million in 2012. In 2011, sales of smartphones will overtake shipments of PCs (364 million). Combined sales of smartphones and tablets will be 44 percent bigger than the PC market in 2011. Gartner further estimates that a staggering 18 billion apps will be downloaded in 2011, up 114.5 percent from 2010 and will rise to 31 billion in 2012.

Going forward, Gartner expects the sale of apps to generate US$58 billion globally by 2014 and Berg Insight expects the number of apps downloaded to reach 98bn by the end of 2015.

The Bedford Report releases stock reports on the Technology Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

NeoMedia's mobile app technology platform transforms mobile devices with cameras into barcode scanners, enabling a range of practical and engaging applications including consumer oriented advertising, mobile ticketing and couponing, and business-to-business commercial track and trace solutions. Mobile barcodes provide a means for consumers to quickly access data without having to type in long phone numbers or URLs.

Sky-mobi Limited operates the leading mobile application store in China as measured by revenues in 2010, according to Analysys International. The company works with handset companies to pre-install its Maopao mobile application store on handsets and with content providers to provide users with applications and content titles. Last month the company made headlines after it announced that it has entered into a strategic agreement with SINA Corporation. Under the terms of the agreement, SINA's microblog will be made available as a downloadable application via the Maopao application store and via technical plug-ins to Sky-mobi's Maopao mobile social network.

The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

Contact Information