Snap's Redesign for 2 Billion Android Users Is Still Not Ready [The Motley Fool]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: The Motley Fool
Snap originally hoped to release the Android redesign by September. Snap Inc. ( NYSE:SNAP ) continues to miss out on the potential Android bump. Android has more than 2 billion users who could help lift Snap's falling daily active users (DAUs), but the current Snap Android app frequently lags, has poor picture and video quality, and randomly crashes. Earlier this year, Snap released a poorly received Android redesign as a temporary fix. For a long-term fix, Snap hoped to launch a completely rebuilt Android app by September. But now we're nearing the end of 2018, and Snap says it's still not ready. Snap said the Android redesign will help lift daily active users when it finally comes out. Image source: Snap. Snap's DAUs dip, primarily due to Android users The delay in the Android app redesign has been weighing on the company's DAUs. For the past quarter, Snap reported a dip in DAUs for the second quarter in a row. This time, Snap saw a 1% sequential decli
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SNAP
News
- Snap Inc. (NYSE: SNAP) had its "neutral" rating re-affirmed by analysts at Roth Mkm. They now have a $14.00 price target on the stock.MarketBeat
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SNAP
Earnings
- 2/6/24 - Beat
SNAP
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 10-Q
- 4/18/24 - Form 8-K
- SNAP's page on the SEC website