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Canadian Mobile Growth and Your Business

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During the pandemic, Canada led the way in per capita mobile app spending with an impressive per person in-app spending increase of almost 40% during the first half of 2020. This figure is another indicator that Canada may become – if it isn’t already – a formidable player in the mobile application arena.

Consequently, more and more Canadian businesses are beefing up their mobile applications as Canadian consumers expect improved experiences and increased UVP (unique value propositions). If you’re a current business owner or prospective entrepreneur, now’s the time to capitalize.

In this article, let’s investigate a few pertinent facts and figures, and further explore why choosing a great mobile app development firm should be a high priority in 2022.

The Facts & Figures

The Canadian mobile app ecosystem echoes what experts are seeing globally. According to the latest data from GSMA Intelligence, there are roughly 5.29 billion unique mobile users worldwide – an impressive share of the global population for an industry only a couple of decades old.

Here in Canada, Statista indicates that the percentage of mobile users is around 88.5% of the population, or about 33.7 million Canadians. But here’s an even more noteworthy takeaway from their research: They predict that by 2026, that figure will swell to 38 million.

These local and global figures should prompt business owners in Canada and worldwide to rethink and reimagine their mobile app strategy and prioritization.

To capitalize on the mobile growth here in Canada, you need to create a powerful, user-focused application for your business or big idea. And to do that, you need the help of app experts. In the section below, let’s discuss what traits and criteria to look for in a mobile app developer.

Finding the Right Developers

Great architecture requires great architects. In many ways, your app is a lot like traditional architecture – it needs a steady, experienced, and forward-thinking hand to build it out in a functional, accessible and attractive way.

If you’re creating or updating an app, work with an established, experienced Toronto mobile app development company. Look for a company that will partner with you to understand your business objectives in an end-to-end fashion, a company that understands success metrics and can help you connect all the right mobile app dots.

Here are a few traits and characteristics to keep in mind when creating your mobile app dev shortlist:

  • A company focused on improving the human experience
  • A partner in every sense of the word
  • A mobile app developer who has built and maintained trust and confidence with past clients
  • Proven and demonstrated experience with solid and verifiable successful projects.
  • A business that values innovation
  • Mobile app developers that take your scalability seriously

If you find mobile app developers that tick the above boxes, you will be well on your way to creating a great mobile app.

As the world increasingly moves its business processes, commercial activity and entertainment to mobile apps, Canadian business people can capitalize with the help of experienced, forward-thinking mobile app developers.

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Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

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TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

The Canadian Press. All rights reserved.

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Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

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ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

The Canadian Press. All rights reserved.

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Thomson Reuters reports Q3 profit down from year ago as revenue rises

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TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.

The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.

Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.

In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.

On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.

The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:TRI)

The Canadian Press. All rights reserved.

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