Vonage Experiences App Store Bump

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If you watch TV, then you probably can’t erase the memory of Vonage (s vg) commercials from your brain, no matter how hard you try. The voiceover IP (VOIP) provider has been in business for quite a while now, but it has been losing ground to cheap alternatives by various cable TV service providers. Enter the App Store.

Today, just by announcing that its iPhone app received official approval from Apple (s aapl), and without releasing any details about what said app actually does, Vonage engineered a major stock surge for itself. Share prices are experiencing big gains based on the potential benefit an App Store presence could bring for the VOIP operator. Read More about Vonage Experiences App Store Bump