Freemium
An amalgamation of the words “free” and “premium” that refers to services, software programs or mobile apps that are offered to users free of charge, but typically with limited functionality, advertiser support or additional features that are only available for a premium charge. The freemium software business model originated with shareware software, where users are able to download software and try it free of charge but only for a limited time or with a restricted feature-set.
The freemium software model has become extremely popular recently with the debut of freemium apps and in-app purchases in the Apple App Store following the release of iOS 3.0. Freemium mobile apps such as Temple Run and Dragonvale are available for download on iOS-powered devices like the iPad and iPhone without charge, but users typically have the option to pay for additional features like power-ups, virtual money, restricted levels, special characters, boosts, etc. via in-app purchases.
Freemium apps now gross more than paid apps in the Apple App Store, with estimates of more than 65 percent of all revenue generated in the App Store from in-app purchases for freemium apps.
Read Also:
- Pinterest
The name of a social networking site that lets people share images and videos from their own personal media collection or from websites they visit. Pinterest was launched in 2009 by Cold Brew Labs Inc., and was co-founded by Ben Silbermann, a former Google employee. Pinterest uses a system of “boards” which is a collection […]
- Ubuntu TV
A nascent Smart TV project from Canonical, the commercial team responsible for the Ubuntu Linux-based operating system. Ubuntu TV is designed to harness the power of Ubuntu in integrating broadcast TV, time shift / PVR capabilities, online box office movies, cloud storage of multimedia content, apps and streaming media without the need for wires, connectors […]
- EPUB
Short for electronic publication, EPUB is the most widely supported open, free e-book format, with popular e-book readers like Barnes and Noble’s Nook, Apple iOS-powered devices such as the iPad and iPhone, the Sony Reader and more supporting the standard. Of the major e-book readers on the market today, only Amazon’s Kindle lacks built-in support […]
- Windows Server 8
Windows Server 8 is the official codename for Microsoft’s next generation server operating system and successor to the company’s Windows Server 7 OS. Currently available for evaluation as a release candidate download, Windows Server 8 is expected to be officially released later in 2012 in conjunction with the Windows 8 consumer edition. Microsoft also recently […]
- Google Drive (Cloud Storage)
Google Drive is a personal cloud storage service from Google that lets users store and synchronize digital content across computers, laptops and mobile devices, including Android-powered tablet and smartphone devices. Support for Apple devices is provided via GDrive, the Google Drive client for iPhone and iPad devices. Google Drive Search, Sharing and Pricing As one […]