Posted: 14 Nov 2011 02:24 AM PST
Many of you may be familiar with MobiHand or some of their affiliates including our own BerryReview store. They have been facing some stiff competition from App World but it seems like they are really feeling the pain. We noticed that something has been off for the last few months especially with them moving their pay schedule to developers. Then Kyle over @BlackBerryCool heard from a large MobiHand dev, Mobile Stream, that they are owed over $150,000 by MobiHand. The dev was told by MobiHand to keep quiet because publicizing that info would mean that MobiHand would have less of a chance of paying them back. Here is exactly what Mobile Stream posted on their website:
Now MobiHand has posted on their own blog about their "Financial Strain" that they claim is caused by having to compete with large companies like RIM and App World. You can tell from their post that they are looking to be acquired so that they can get a large cash infusion. Here is what they had to say:
I am hoping that MobiHand manages to turn things around since they were pretty solid until the beginning of this year. Now they are falling behind even though they definitely have money coming in the door. I know that many of you have purchased apps through MobiHand and the BerryReview store along with many other branded stores. You might want to download and backup that information in case MobiHand is not acquired and goes under. We will keep you up to date as this develops.
If you liked this article, you might find these interesting:
Posted by Ronen Halevy for ©BerryReview, November 14, 2011, 5:24 am. | MobiHand Under “Financial Strain” & Looking to be Acquired While Devs Not Being Paid | Leave a comment |
|You are subscribed to email updates from BerryReview.com |
To stop receiving these emails, you may unsubscribe now.
|Email delivery powered by Google|
|Google Inc., 20 West Kinzie, Chicago IL USA 60610|