SKYPE ADDS VIDEO-CALLING TO IPHONE APP

Internet phone company Skype is bringing live video calls to iPhone and iPad screens in an aggressive bid to cash in on the popular devices and build momentum for its imminent public stock offering.

Skype’s technology lets users make free calls between two PCs, smartphones or TVs, but the company charges users to call over land-line phones. The company is profitable, earning $13.1 million for the six months ended June 30, according to its S-1 filing to go public. No date has been set for its IPO.

Skype rushed the app for New Year’s Eve, the biggest day of the year for video calls. More than 70 million iPhones and nearly 7.5 million iPads have been sold. A new iPad is rumored to be unveiled soon and feature front and rear video cameras, according to multiple websites, including DigiTimes, citing unnamed sources. USA TODAY was unable to confirm the report.

Few details are in Skype’s IPO regulatory filing, including how much the company — owned by private investor Silver Lake Partners, eBay, venture fund Andreessen Horowitz and others — plans to raise or how many shares it intends to sell.

Regardless, Skype appears ready to go public. With 25 million concurrent users a day — 140 million to 150 million unique visitors a month — it is aggressively expanding its customer base beyond PCs and smartphones. It has designs on tablet computers and televisions, as evidenced by deals with the likes of Samsung and Panasonic that will put its products into about 40 million TV sets.

For the full article: USA Today

 

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