Napster Seeks Salvation In Phones People Don't Want
People want to play games on their phones not music. Napster hedges its bets that it's the other way around.
Yesterday we reported on the popularity of the use of phones for gaming and that the number of recent number of downloads for games on the British Orange network was higher than tones, music tracks and music videos put together. It seems that people prefer to use their phones for gaming than music. So, remembering this, we noticed this piece of news where Napster has told investors that their future is dependent on mobile phones that play music. SmallCapInvestor reports:
Napster, Inc. (Nasdaq: NAPS), the formerly notorious music-sharing company that now bills itself as “the most popular on-demand music subscription service in the world,” is positioning itself to become the leading content provider for music-enabled cell phones, CEO William Gorog said in a conference call after the close of Wednesday’s trading.