Vonage Shares Jump 36% After Submitting iPhone App

Leander Kahney ()

Stock in the internet phone company Vonage jumped a whopping 36 percent on news it will likely soon have an iPhone app.

Vonage’s stock saw its biggest three-day rally since the ailing company went public in 2006, Bloomberg reports. The rally is tied to news that Vonage has submitted an app to Apple. The app will likely be approved after a minor technical glitch is fixed.

What the app does, no one is saying, but it’ll likely rival Skype, offering low-cost VOIP calls over Wi-Fi. Vonage also offers visual voicemail.

The company is in deep trouble and is danger of being delisted from the New York Stock Exchange. It has lost about 100,000 customers in the last year as customers opt for cheap digital-phone service by cable companies.

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About the author

Leander Kahney

is the editor and publisher of Cult of Mac, and author of three books about technology culture: Inside Steve’s Brain, the New York Times bestseller about Steve Jobs; Cult of Mac; and Cult of iPod. Leander has written for Wired, MacWeek, Scientific American, and The Guardian in London. Follow Leander on Twitter @lkahney and Facebook.

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Posted in iPhone, News, Software |

  • Justin

    Let’s hope it’s much better than their “Softphone” Mac and PC clients. It is horrible. Call quality is atrocious. Since the iPhone version likely uses the same SIP platform as the Softphone, I can’t imagine it will be better.

    On the otherhand, I’ve been a regular vonage subscriber for more than 5 years. The service with a router is excellent.

  • Tuan

    I was going to cancel my Vonage service after my Vonage Linksys wireless router crumped. I wasn’t going to spend another $100 for a router. Luckily, their customer service convinced me to subscribe for another year after offering a new Vonage device and one month gratis.

    I still was planning to cancel after this year, but, if this iPhone app is anywhere near as good as the Skype app, I may keep my subscription. The convenience of carrying your home phone number with you (even abroad) would be well worth it.

  • MacRat

    When Apple rejects the app Vonage will go out of business?

  • Tyromind

    Vonage is dying, this at best could just delay it a little longer. terrible customer service is probably their biggest downfall

  • barry

    more then likely their shares jumped because they offer world wide calling for like $5 more or something