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12:03
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Originally posted by TonyIndo
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If you have a read of the ARPU in the latest company announcement under 'glossary' it highlights that "Typically only a few percent of a consumer mobile App user base will spend money on a mobile App after downloading the App for free". 'what steps are Norwood planning or taking to increase that conversion rate percentage?' $1,404,000 per year .$960,000 to acquire the users per year .
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the 'effective' addressable market with Android is not 5 times that of iphone. The company has stated it expects its offerings to be relevant to about 20% of Android users. Companies use iphone, the rest use Android. So although there is an expectation that 'downloads ' will increase for Android it won't be anything like 5 times that of iphone.
(20min delay)