) recently announced the launch of its new app for
) Android OS smartphones. It also launched another version of
this app for
The new Android app will come with four new features;
summarizer (to condense the whole news article into a few lines),
personalization (to help users decide how much of a story to
read), upgraded web, image and video search, as well as a
"social" button (to let users share their content in Yahoo via
), Twitter and other social sites automatically. Currently the
new app is only available in the U.S.
The launch of the new app came after Yahoo acquired a string
of start-up companies. It includes Astrid, a task-management app
maker;Summly, a news-condenser app maker; Stamped, a
mobile-review app maker; OnTheAir, which specializes in
broadcasting video chats or interviews to online audiences;
Snip.it, which is a kind of clipping service for the web;
Propeld, a location-based apps maker and Jybe, a social
The acquisitions were a part of a strategy to broaden and
strengthen Yahoo's expertise in the Mobile segment as adoption of
mobile devices such as smartphones and tablets continues to
Whether the launch of the new app can help Yahoo pick up some
much-needed share in the mobile segment remains in question, but
we need to bear in mind that serving news is one of its strong
points and Yahoo Finance remains very popular. Therefore, this
product could build upon its strength while helping it expand on
the mobile platform.
In the first quarter of fiscal 2012, Yahoo generated revenues
of $1.14 billion, which was down 15.3% sequentially and 6.6% year
over year. TAC costs were down 42.3% sequentially and 49.9% from
last year. Excluding these costs in all periods, net revenue was
down 12.5% on a sequential basis and 0.8% from last year, short
of the consensus estimate.
Yahoo has a Zacks Rank #1 (Strong Buy).
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