2011 Another Big Year for Skype

With rumors of Skype going IPO and their recent purchase of Qik (provider of mobile video software), Skype is making a lot of headlines lately.  It is anticipated that this may be an even bigger year for the growing company. 

In a recent article explaining how company names are becoming used as verbs, companies like Google and Facebook were used as examples.  Skype is now being added to that list.  The Wall Street Journal reported, “Making audio and video calls between computers over Skype is now so common that the company’s name has become a verb. People ask others to “Skype me” or say they are “Skyping.”

With the recent announcement that Verizon will be offering the iPhone, apps are becoming the topic of many a conversation.  Skype is now going to be available for use with Verizon’s new service.  WSJ reported, “A couple of weeks ago, Skype introduced free mobile video calling to its iPhone app and has plans to extend the same functionality to certain Android-based phones running on Verizon’s new high-speed 4G network later this year. And, last week, at the Consumer Electronics Show, it launched a paid service it had been testing that allows for group video calling on computers.”

Universities, including one where I work, have required professors to have a Skype account. Video-conferencing is the way of the future.  What is nice about Skype is that you can connect between computers and cell phones now.  In fact, “Group calling, which can handle between three and 10 people, is a feature of the latest Windows version of Skype, and of the latest beta version for the Mac.”

Skype does face some competition with Tango and FaceTime. FaceTime is video software developed by Apple for the iPhone.  Tango enables anyone with an iPhone or Android phone to make free mobile video calls over 3G, 4G, or Wi-Fi to their friends and family around the world.

How big is Skype?  According to SkypeNumerology, over 27 million people were online using Skype this week.  SkypeJournal reported that “Skype maintained 20% of all international minutes in 2010.  Skype will be reporting about $1 billion in revenue this year.”

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Skype’s International Market Share 2010

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