MagicJack ups revenue projection; adds app for Apple iPad, iPhone

Free VoIP provider magicJack VocalTec (Nasdaq: CALL) has updated its financial projection for 2012, saying it expects GAAP earnings per share before any nonrecurring items of between $2 and $3, on revenue growth that should come in between 20 percent and 30 percent higher between 2011 and 2012.

MagicJack launched an app for Apple's iPhone and iPad.

The company said it expects to see substantial call growth and said it expects to begin delivering other devices and serices connected with Wi-Fi and 4G next year.

The company also launched an app for Apple's (Nasdaq: AAPL) iPhone, iPad and iPod touch, that would allow users to to make free calls to numbers in the U.S., Canada and to other magicJack numbers worldwide. The app doesn't require users to have a voice plan.

Users can use their existing magicJack number to make and receive calls or use the application for outgoing calls to landline or mobile numbers. The company said magicJack APP is easy to use and claims it produces better voice quality. It also allows users to access their stored iPhone contacts.

"Apple has the best OS and devices built for voice and I believe we have the best telephone network and software engineers to take advantage of this incredible platform," said Dan Borislow, CEO of magicJack.

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