Mobile App Index: 91.26(-7.49%) WE 7/29/11

The 7.49% drop represents the biggest weekly decline in the index to date.

Best Explanation:  The debt ceiling drama.  Everything went down in the US: DOW (-4.24%), Nasdaq (-3.58%), S&P 500 (-3.92%), FONE (-3.72%).  But EEM (-1.12%) was minimally impacted.

Winner: COBR (+1.56%) rose after a very positive earnings announcement.

Biggest Losers: GLUU (-12.24%), ROVI (-8.97%), P (-16.31%), AUGT (-10.62%).  The rest of the stocks in the index all went down between 4.54% (MITK) and 7.97% (VELT).

VOCS and COBR reported earnings this week.  On 7/26, VOCS announced that they beat expectations and raised guidance, but the stock went down 0.3% afterwards.  Likely this is due to the loss per share of (0.14) remaining the same while they increased operating expenses 30%.  By comparison the COBR earnings report was even more dramatic -- the company is clearly profitable now -- and operating income grew 277% YoY.  Wall St. rewarded COBR with a 9.4% jump after this announcement.  Put into the context of the debt ceiling news, it appears that these stocks have increased their relative value -- for now.

Upcoming earnings announcements: GLUU (8/2), ROVI (8/9), VELT (8/10), NCTY (8/16) .

Mobile App Index: 98.65(+0.70%) WE 7/22/11 -- index revised 7/8/2011

Overall the market bounced back from yet another international debt crisis:  DOW +1.61%, Nasdaq +2.47%, S&P 500 +2.16%,  EEM +2.12%, FONE +3.39%.  In related news Google's shares jumped 12% after their latest earnings announcement on 7/14, which they attributed to smartphone related revenue, and have continued to gain along with AAPL and MSFT.

Big Winners: MITK +18.8%, COBR (upcoming earnings announcement on 7/26) +11.3% 
Big Losers: COOL -13.29%, VELT -8.98%

Mobile App Index: 101.4(-2.52%) WE 7/15/11

Because two stocks no longer meet the simple criteria for the index -- BGO and VRNG no longer maintain a minimum of $2/share -- they have been exchanged for Mitek Systems (MITK) and Pandora (P.)  This tracking began last week, and this updated Mobile App Index declined 2.03% -- from a base of 100 to 97.97.  Related to this MITK was moved from OTC to Nasdaq on 7/18/2011.

All the major indexes went down: Dow (-1.39%), Nasdaq (-2.45%),  S&P 500 (-2.06%), EEM (-2.64%).

Next week we will report on the updated index.

Mobile App Index: 104.01(+4.49%) WE 7/8/11

Normally the markets go down in the summer, but that did not happen this week:
Dow +6.04%, Nasdaq +3.1%, S&P500 +1.75%, EEM +0.69%, FONE +0.86% for WE 7/8/2011

Winners: AUGT +16.42%, NCTY +8.58%, VELT +6.58%, COBR +6.03%, COOL +5.96%
Loser: BGO (-12.50%)

MobiAppIndex is now in positive territory +1.14%.  A 4-week moving average has been added.

Mobile App Index: 99.55(+6.25%) WE 7/1/11

The overall market did very well this week and the MobiAppIndex went with it.

Winners: VELT +14.40%, AUGT +14.81%, GLUU +14.26%
The only losers for the week were: BGO (-5.88%), and VRNG (-3.85%)

At this point, the index is only 3% below its' original value.

Mobile App Index: 93.70(+1.45%) WE 6/24/11

Winners: VOCS +15.10%
Losers: VELT -6.92%, VRNG -9.09%

The Dow, Nasdaq and S&P 500 appeared to be heading in a more positive direction too.

This is a late post as last week the family travelled around Western Washington and BC Canada - using a Motorola Xoom tethered to an Android HTC Inspire with AT&T Wireless to enhance the experience.  OpenTable, Google Maps, Bing Search, Google Places, and TripAdvisor all proved extremely helpful with the travel and urban experiences -- key scenarios for the mobile application user.  The only surprise for me was that despite double checking on the international coverage for my account -- we live on the boarder with Canada -- AT&T shut down my data plan and required me to pay a monthly fee for international data roaming after we returned.  Combine that with the lemon experience I had with my HTC Surround, and AT&T is not looking like an ideal partner.