Less than three months after announcing its last milestone of 50 million users, Instagram has passed the 80 million user mark. This means the app has managed to increase its user base by more than 10 million users on average per month.
Make no mistake: the timing of the announcement today isn't accidental; Facebook, which announced in April that it is acquiring Instagram, is today releasing its first earnings report as a public company.
In first-ever earnings report, company points to more than 955 million monthly active users, over 552 million daily active users in June 2012, and more than 543 million monthly active users on mobile.
Three months ago, Facebook revealed it had more than 901 million monthly active users, and 526 million daily active users, and 488 million monthly mobile users. Now, during the company's Q2 2012 earnings report, the social-networking giant has updated those figures to 955 million, 552 million, and 543 million, respectively.
There's still a lot of work to be done to get consumers aware of the benefits of paying with a smartphone, the head of Visa's mobile business tells CNET.
While there are trials and select deployments of payment terminals and cash registers that can accept mobile payments, the method won't hit the mainstream in the U.S. for another two to three years, according to Bill Gajda, head of mobile for Visa.
The number of Chinese online was already huge, and it's soared over the past year by more than 50 million thanks to an upsurge in mobile Internet access.
China has seen a massive growth in online users, an 11 percent increase on a year ago, according to the China Internet Network Information Center.
The government-sanctioned group's report published online showed the number of Internet-connected users in China rose to 538 million by the end of June, up from 485 million in 2011.
Corporate spending on technology goods and services will rise just 3 percent this year, says Gartner.
Consumer adoption of cloud services will continue to increase in the coming years, with one-third of personal data being stored in the cloud by 2016, Gartner predicts.
Demand for enterprise social software will grow strongly in the coming years, as more organizations implement the products to improve collaboration and communication primarily among employees, but also with customers, according to IDC.
Between 2011 and 2016, IDC expects the compound annual growth rate in spending to hit 42.4 percent for this type of product, also commonly referred to as "enterprise social collaboration" and "enterprise social networking" software.
Although some organisations initially tried to resist the trend of employees using personal mobile devices for work, it seems that many have now accepted their inevitability. A Cisco survey of 600 IT and business leaders in the US has found that 95% of respondents said their organisations permitted employee-owned devices in the workplace.
IT spending in Europe will virtually grind to a halt this year and next due to economic uncertainty over the euro currency, according to a Forrester Research report released Thursday.
"The most likely result is either near-zero growth or economic recession in 2012, depending on the country," Forrester analyst and lead report author Andrew Bartels wrote. "The worse case is a possible collapse of the euro and a resulting depression."
Analyst firm Gartner on Wednesday said it has lowered its 2012 growth estimate for the global enterprise applications market to $120.4 billion, citing "limited signs" of economic improvement in the short term.
Global spending on business applications will rise 4.5 percent from last year's $115.2 billion total, Gartner said. The firm had previously predicted a 5 percent uptick this year.
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