Seeking Alpha

magicJack +6.3% after revamping mobile apps

  • magicJack's (CALL) iOS/Android apps, re-branded under the magicApp name in April, give users the ability to make free 3G/4G and Wi-Fi-based calls to U.S./Canadian numbers, including from overseas locales. They can also be linked with landline magicJack numbers.
  • Registered users for magicJack's mobile apps rose 21% Q/Q in Q1 to 8.4M. At the same time, active magicJack subscribers fell by 100K to 3.1M.
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