MiMedia Is Scaling Up Their Disruptive Cloud Business

Mentioned:

One of the most exciting publicly traded consumer cloud technology companies is scaling up. And it might just be the beginning.

‍What’s happening:‍

MiMedia (TSXV: MIM) has officially confirmed that smartphones that have MiMedia’s technology preinstalled as the default media gallery have begun being shipped into the United States of America

By the numbers:‍

MiMedia has publicly stated they anticipates that 2M smartphones will their technology already installed will be shipped into the United States over the next 12 months
MiMedia is expecting $10 USD in average revenue per user from advertising revenue alone, with additional revenue being generated from cloud storage
MiMedia has invested over $50M CAD into researching and developing their proprietary consumer cloud technology since inception

Why it matters:‍

The consumer cloud technology developed by MiMedia is a disruptive new approach for smartphone manufacturers to be able to directly share in the revenue generated from both mobile advertising and cloud storage, which is a stark contrast to the approach taken by technology giants such as Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG)

Going deeper:‍

MiMedia has also been aggressively cutting deals with large scale telecommunication companies in Latin America and Mexico to become the default media gallery preinstalled on all new smartphones being produced

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