Zoom might have ambitions to broaden its business past video calling. According to The Information, the company has spent a lot of the previous two years developing its personal email and calendar shoppers. Known internally as Zmail and Zcal, Zoom may announce the apps at its annual Zoomtopia convention in November. Zoom didn’t instantly reply to Engadget’s request for remark.
You’re in all probability asking your self, does the world want one other productiveness suite? Looking at it from Zoom’s perspective, The Information suggests the company may even see the apps as important to its survival. At first look, Zoom is doing higher than most pandemic darlings, having lately recorded $1.1 billion in quarterly revenue. But beneath these outcomes, the company has seen progress gradual and its stock worth drop to pre-pandemic ranges.
It additionally finds itself in the identical scenario lots of corporations competing towards Google and Microsoft have needed to sort out lately. One vital weak point of Zoom is that many companies use the app at the side of Workspace and Office 365. Those are complete suites that may cover the vast majority of a company’s productiveness wants. In a market the place companies are continually trying to reduce prices, that’s not a very good position to be in. At the identical time, it’s onerous to see how email and calendar shoppers assist Zoom beat again its rivals when Google and Microsoft have spent years sharpening Gmail and Outlook and these merchandise dominate the market.
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