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Steve knew that <keyword id="6354741" type="UNKNOWN" weightage="100" keywordseo="Apps">apps</keyword> were the future and he believed in his devices. <keyword id="6354427" type="CITY" weightage="100" keywordseo="Apple">Apple</keyword> yesterday posted <keyword id="6357824" type="UNKNOWN" weightage="100" keywordseo="sales">sales</keyword> of over 10 Billion USD, which were earned by selling applications through the <keyword id="2006452" type="UNKNOWN" weightage="100" keywordseo="iStore">iStore</keyword> in 2013. 10 percent of the sales came from the month of December alone. People flocked to the iStore on a regular basis to buy games and apps this festive season. 
 Apple users downloaded almost 3 Billion apps in December, 2013, making it the most successful in Apple’s app store history. The company has thanked its customers and the app developers for developing some over the top software, which enticed people to buy. Users in more than 155 countries contributed to the large figures and applications were bought across devices such as <keyword id="6354606" type="COMPANY" weightage="40" keywordseo="iPhone">iPhone</keyword> and iPad. 
 
Apple is looking forward to 2014 to be an even bigger year for apps and sales. They are particularly looking forward the holiday months to see what the app developers will bring next. Will they hit the magical figure again and surpass it in 2014? We will know in January next year.

Apple Made Billions Of Dollars By Selling Apps In 2013

<ul class="summary-list"><li>A recession is four times more likely to happen than an expansion, says economist David Rosenberg.</li><li>Real retail sales and industrial production are flagging, a key signal a recession is around the corner.</li></ul>Economist David Rosenberg has been sounding the recession alarm in recent months, and he now thinks that the likelihood is much greater that the US sees a contraction this year. The head of Rosenberg Research said he believes that a recession is four times more likely than an economic expansion, and it's just a matter of time as more signals kick in until the recession narrative comes back into focus. February's <a href="https://www.businessinsider.com/inflation-cpi-consumer-price-index-food-gas-housing-prices-february-2024-3#:~:text=After%20starting%202024%20with%20an,for%20Bankrate%2C%20told%20Business%20Insider.">consumer price index of 3.2%</a> was hotter than expected, which has intensified inflationary worries but propped up expectations that many economists would throw recession into the towel as consumers keep spending and the economy remains on solid footing. Yet, Rosenberg wasn't deterred in his call. "I feel like I'm Christopher Columbus in 1492 standing in front of Isabella Ferdinand, trying to tell them: No, the world isn't flat," he told <a href="https://www.youtube.com/watch?v=HkuJ2rEBoYg" target="_blank" rel="noopener">CNBC</a> in an interview on Monday. The economist highlighted that real retail sales volumes are down 1.8% and industrial production is down 5.6% on an annual basis in the first quarter. The historical patterns show that such simultaneous contractions in real retail sales and production typically herald the arrival of an economic downturn.[H]istorically, when that's happening, unless it's an aberration, you have a four times greater chance of being in a recession than in an expansion. So it's just a matter of time before you know if the data flow continues the way it has the past couple of months. I think the recession narrative is going to come back, you know, in a, in a fuller view," Rosenberg said. He also pointed to the job sector, noting that even though the unemployment rate still appears low, there's a "huge dichotomy" in job claims data."The spot claim numbers have remained exceptionally low, but it's telling you that companies are not firing people. However, look at the backlog of continuing claims. They've continued to rise. And what that's telling you is that it's getting tougher and tougher for the backlog of unemployed to find a new job," he said. Rosenberg cast doubt on the household survey's unemployment figure, arguing that all jobs created in the past year have been part-time, rendering many workers ineligible for unemployment insurance and potentially skewing the data downward."How can we be talking about a buoyant labor market when there has not been one net new full time job created in the United States over the 12 months of February? How do you square that circle to a narrative that we really have a robust labor market on our hands?" he questioned.

Why a recession is 4 times more likely than an economic expansion this year, according to economist David Rosenberg

<ul class="summary-list"><li>The S&amp;P 500 has finished higher in 14 of the last 15 weeks, notching multiple all-time highs.</li><li>Yet technical and historical data suggest the rally may lose momentum.</li></ul>Stocks have extended last year's gains into 2024, notching a string of all-time highs in recent weeks. Last week, the S&amp;P 500 touched 5,000 for the first time ever, and it's finished higher 14 out of the last 15 weeks. That's tied for the best streak of all time, and the longest in five decades.But the longevity of the rally might be in question, according to one market expert. "[H]istorically speaking, this is a ridiculous rally," said Jay Woods, chief global strategist of Freedom Capital Markets. In a note Monday, he pointed out that the benchmark index's 20% gain since November looks "too far too fast," and the bull run could soon lose momentum."This doesn't mean we've become bears, but the market should do what most people tend to do when they are tired — rest," Woods said. He pointed to the Relative Strength Indicator, which measures the speed and size of stocks' price changes. The gauge has made lower highs while the S&amp;P 500 is making brand new ones, he explained, signaling a bearish divergence that tends to happen near the top or bottom of trends. Meanwhile, the S&amp;P 500 is hovering 11% above its 200-day moving average. While that isn't a record, it's above average, according to the strategist. That size gap also occurred during the pandemic rally in 2021, and the gains stalled afterward."Shortly after eclipsing the 10% threshold [in 2021] we experienced pauses in the rally and saw the index pull back to the 50-day moving average," Woods said. "In fact, it occurred eight times in 2021 and held that level each time."In any case, the current rally is also an anomaly because 70 days have passed without a 2% decline in the index — something that hasn't happened since 2018.The bull run isn't necessarily over, but in Freedom Capital Markets' view, a "rest and pullback" to the rising 50-day moving average could be looming."We have seen 6 streaks go as many as 100 days without a 2% pullback, so maybe this will be the seventh," Woods said. "As outlined above, I would be surprised."Investors in the coming days will be monitoring earnings from giants including Nvidia and Coca-Cola, while also taking in the latest data on inflation and consumer sentiment to give a clue about the potential path of Fed policy.

Why the S&P 500's 'ridiculous' winning streak could soon sputter

Reliance Industries Limited (RIL) is headquartered in Mumbai and is taken care by Mukesh Ambani, the elder brother of Anil Ambani and the son of late Dhirubhai Ambani after the division of the family businesses among the two brothers. RIL is a conglomerate holding company in India that has a wide portfolio of businesses ranging over energy, petrochemicals, natural resources, textiles, telecommunications and retail. RIL is the highest taxpayer in the Indian private sector and accounts for over 5% of the Indian Government’s revenues and about 8% of the total merchandise exports from India. Here is a list of <keyword id="7780054" type="UNKNOWN" weightage="20" keywordseo="mukesh-ambani-companies">Mukesh Ambani companies</keyword> under the Reliance Industries Limited. Reliance Retail The retail business segment of the Reliance Industries Group, this is the largest retail store network in India comprising of a number of cutting edge brands including Reliance Fresh, Reliance Time Out, Reliance Wellness, Reliance Autozone, Reliance Footprint, Reliance Mart, Reliance Home Kitchens, Reliance Digital, Reliance Trends, Reliance Super, Reliance iStore, Reliance Market (Cash n Carry) and Reliance Jewel. Reliance Life Sciences This company has its operations around medical, industrial and plant biotechnology domains. The specialty areas of this segment include branding, manufacturing, pharmaceuticals, bio-pharmaceuticals, biofuels, clinical research services, industrial and plant bio-technology, regenerative medicine, novel therapies and others. Reliance Logistics This is a single window company involved in the selling of products in the products related to distribution, warehousing, transportation, logistics, and supply chain. This is an asset based company owning its own infrastructure and fleet. This company offers logistics support to the Reliance Group of Companies and also other third party companies. Reliance Jio Infocomm Limited (RJIL) Earlier known as Infotel Broadband, Reliance Jio Infocomm Limited is a broadband service provider that has obtained 4G licenses for operating across India. This is the sixth largest mobile network operator in the world today with more than 306 million subscribers. Reliance Industrial Infrastructure Limited This is an associate company of RIL that holds about 45.43 percent shares of the RIL. This company is mainly involved in establishing and operating industrial infrastructure. The company is also engaged in connected activities including leasing and providing services related to data processing and computer software. The company has set up a pipeline carrying petroleum products from the Bharat petroleum refinery at Mahul, Maharashtra to Reliance’s petrochemical complex located at Patalganga, Maharashtra. Network 18 Network 18 is a mass media company that has its diversified activities in digital platforms, television, films and mobile apps. This company has acquired the ETV network and has some joint ventures namely Viacom 18 and History TV18. Reliance Solar A subsidiary of Reliance, Reliance Solar produces and sells solar energy systems to remote and rural areas of the country. The company offers a wide portfolio of products including solar lanterns, home lighting solutions, street light systems, water purifying systems, solar air conditioners, refrigeration systems, and many others based on solar energy. Relicord This is a blood banking service under the Reliance Life Sciences. This body has been licensed by the Food and Drug Administration, Government of India.

Here's a look at all the companies that Mukesh Ambani owns

<keyword id="6355629" type="CITY" weightage="20" keywordseo="Google">Google</keyword> has just bought a <keyword id="12161" type="COMPANY" weightage="20" keywordseo="San-Francisco">San Francisco</keyword> based travel <keyword id="235499" type="ORGANIZATION" weightage="20" keywordseo="APP">app</keyword> maker called <keyword id="2479528" type="UNKNOWN" weightage="20" keywordseo="Jetpac">Jetpac</keyword>. Jetpac started in California 3 years ago and is very popular with the masses. Jetpac is an app that creates insightful travel guides using consumer’s picture behaviour on social networks such as Instagram. 
 The application is freely available on the Apple app store, but after its acquisition by Google the app will be removed from the iStore. Google has not given any official statement on if the app will now only be available on the <keyword id="6355645" type="COMPANY" weightage="20" keywordseo="android">Android</keyword> platform or a new version will be available on the <keyword id="75489" type="ORGANIZATION" weightage="20" keywordseo="IOS">iOS</keyword> as well. Jetpac said it will stop supporting the app by mid-September. 
 
The financial details of the merger are still not clear. Jetpac is a good acquisition by the Internet mammoth. This app enables people to search for local clubs and pubs in more than 6,000 cities across the globe. Google should take great advantage of their codes and maybe string them in on Google maps.

Google Buys Out Another Startup, This Time A Travel App
Called Jetpac

Every year around Christmas, we see a lot of <keyword id="6374108" type="COMPANY" weightage="100" keywordseo="games">games</keyword> getting a <keyword id="1987797" type="UNKNOWN" weightage="100" keywordseo="Price-Drop">price drop</keyword>. Users will find extreme discounts on <keyword id="6354485" type="CITY" weightage="100" keywordseo="mobile">mobile</keyword> games and many of them are free for a limited time on most app stores. Apple iStore, <keyword id="6355629" type="CITY" weightage="60" keywordseo="Google">Google</keyword> Play Store and BB10 App World are taking part in the festivities and will bring brilliant games at rock-bottom prices. 
 <keyword id="6354356" type="COMPANY" weightage="40" keywordseo="BlackBerry">BlackBerry</keyword> started early with the <keyword id="6391790" type="UNKNOWN" weightage="100" keywordseo="deals">deals</keyword> and discounts while others have sprung into action just now. On the other hand, PC games are not lagging behind either. Valve’s Steam Store is also giving discounts up to 90% on some of the latest and old games. 
 But today we are not bringing you those. Instead, we are bringing you 7 must-play games (across operating systems), which you can play on your mobile phones. A Tip: Some of them might demand the latest and the best configured phones with updated operating systems. So download these after reading <keyword id="130164" type="UNKNOWN" weightage="40" keywordseo="The-Game">the game</keyword> requirements.

Christmas Joy! 7 Must-play Mobile Games On Discount

<keyword id="6356116" type="CITY" weightage="80" keywordseo="LG">LG</keyword> did show us some neat devices today at the yearly Tech Show. Out of the bunch of devices what caught our eye was the <keyword id="2093589" type="UNKNOWN" weightage="100" keywordseo="Lifeband-Touch">Lifeband Touch</keyword> smart band, which looks like a futuristic watch. The new device is expected to be priced a little over $ 200 in India that should be roughly around the Rs 15,000 mark. This nifty little device can do a lot once attached to the wrist and also connected to the smart phone. 
 The smart band comes with an ear piece that connects to the band wirelessly. Together they monitor your heart rate and also display calories burnt during a work out. They sync wirelessly to the LG Fitness app that can be downloaded from <keyword id="6355629" type="CITY" weightage="40" keywordseo="Google">Google</keyword> Play Store. So does the smart watch work with just LG phones only? No, the watch is compatible with other <keyword id="6355645" type="COMPANY" weightage="40" keywordseo="android">Android</keyword> phones as well and one can easily sync it up using the fitness app with any other brand of phone. Over that the watch supports <keyword id="75489" type="ORGANIZATION" weightage="40" keywordseo="IOS">iOS</keyword> as well and one can download the app on Apple devices too from the Apple iStore. 
 Besides keeping an eye on your health the watch enables you to wirelessly manage music on your mobile phone. We gave this rubberised smartband a go and found it out to be quite nice. The design is modern and display is quite bright. To wear it you need to slide your wrist through the slit opening, which might also be a problem. The smart band might just fall of you wrist while running speedily. The Lifeband <keyword id="30450" type="ENTERTAINMENT" weightage="40" keywordseo="Touch">Touch</keyword> will be available in India in the second half of 2014 and if priced well this watch has the potential to be a best seller.

LG Showcases Lifeband Touch In India

News is an evitable price of information, without which people will wander clueless and be unobservant of the happening around them. But who has the time to go through detailed analysis. Most news mediums publish lengthy descriptions of news and smartphone users do not have the time to go through everything and in details. <keyword id="2908522" type="UNKNOWN" weightage="100" keywordseo="NewsInShorts">NewsInShorts</keyword> (NIS), as the name suggests, delivers news in a very succinct way, aimed to save your precious time. Targeted towards the mobile Indian, NIS aims to transform the news scenario of the country. 
 

	Founded by Iqubal Azhar and his two friends Deepit and Anunay, it has simultaneously made its way to the top 3 news apps on Google Play Store (News and Magazine section) with a 4.6 rating.
 
 With 5 lakh downloads, it currently ranks second in the Apple iStore and Google Playstore. The credit goes to the young innovative minds of the team who left IITs and started this <keyword id="6404679" type="UNKNOWN" weightage="80" keywordseo="start-up">start-up</keyword>. 
 

	 “It is the simplicity of the app that worked very well for the app. We are not focussed in generating any revenue now. We are solely focussed in enhancing user experience,” said Azhar Iqubal, co-founder of NewsInShorts.
 
 

	So what makes it better than the rest
 
 

	 “We have crossed half a million mark by the end of April. We plan to hit the million download mark sometime in June this year and at the rate at which we are going right now, it will surely happen,” he asserted.
 
 

	What is the driving force behind such ambitious target?
 
 

	Unlike others in the field, it is not an aggregator of news. It gives the headline and a 60 word summary. If one is interested he can read the detailed coverage of the story from any other news medium. The best part is by the summary, a person gets a fair idea of the news.
 
 

	“We (the founders) were among the ones who did not consume news. Partly, because we did not have time and mostly as we were too lazy to read the whole news. So we missed out on a lot. We realised this is the condition of today’s youth. Hence we made this,” said Iqubal.

	NewsInShorts have in-house team that manually curates and summarizes the news in categories like national, commercial enterprise, sports, engineering science, and so along.
 
 

	Besides, this first of its kind app makes browsing easier as one can easily flip between news, within few seconds.
 
 

	 Growth 
 
 

	Few interesting numbers to show their growth
 
 

	· 500k downloads in Google appstore.

	· They have more than 100K daily unique users.

	· A daily user of the app consumes more than 90% of the articles published. At present they publish around 60 news items a day, and a user browse through more than 50 of them.

	· The top 10 articles daily have views of more than 100 thousand.
 
 

	Challenges
 
 NewsInShorts faces two main challenges in the market, one in terms of algorithm and other in terms of competitoin in the market. Iqubal do not see any strong competitor as such, right now, but in the long run they see <keyword id="6354616" type="CITY" weightage="80" keywordseo="Twitter">Twitter</keyword> as their competitor. 
 “<keyword id="1293640" type="UNKNOWN" weightage="80" keywordseo="Yahoo-News">Yahoo news</keyword> is different. Unlike Yahoo news and news start-up <keyword id="1323837" type="UNKNOWN" weightage="80" keywordseo="Circa">Circa</keyword>, they are a place of news discovery and not consumption,” he said. 
 

	Any technology is incomplete without updated algorithm. Updating algorithm according to users’ taste is a tedious brain cracking task but for these IITians it is a child’s play.
 
 

	“In a day thousands news get updated. The challenge is to develop an algorithm so that user can filter out which 100 news they want to read out of those 200-300 news items that we suggest to them. If everything goes well, by the end of June the product embedded with this algorithm should be ready,” said Iqubal.
 
 

	Future
 
 

	They plan to launch it in multiple languages by this year end. And in three months they will launch in Hindi.

	Also, at present we have 60 news items a day but they plan to extend that to 100 news items per day, said Iqubal.
 
 

	NewsInShorts in the news
 
 The unconventional news curator NewsInShorts recently raised Rs 25 crore in Series A funding. The investment is led by <keyword id="526777" type="UNKNOWN" weightage="100" keywordseo="Tiger-Global">Tiger Global</keyword>, with participation from Rebright Partners of Japan and existing investors Sachin and <keyword id="6364080" type="PERSON" weightage="100" keywordseo="Binny-Bansal">Binny Bansal</keyword>. 
 
(image credits: NewsInShorts)

You Searched For "iStore" and got 8 results

Apple Made Billions Of Dollars By Selling Apps In 2013

Sulabh Puri

Why a recession is 4 times more likely than an economic expansion this year, according to economist David Rosenberg

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Why the S&P 500's 'ridiculous' winning streak could soon sputter

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Here's a look at all the companies that Mukesh Ambani owns

BI India Bureau

Google Buys Out Another Startup, This Time A Travel App Called Jetpac

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Christmas Joy! 7 Must-play Mobile Games On Discount

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LG Showcases Lifeband Touch In India

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Know what’s happening around the world in 30 secs using this App

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