Our Network

Register for our free newsletter

Latest News

The business of… Apps

iPad, iPhone, smartphones, apps… People in the technology business love making up words, apparently. They love making cash, too – and the latest big business is ‘the app.’

May 4, 2011 12:30 by

Apps economy

Don’t be fooled by the downright sillyness of some apps; the apps business is big money. Currently, analysts predict the market will be worth $4 billion by next year. As mentioned earlier, the revenue of apps, which generally cost under $5 to download, are split 70-30 between the app developer and Apple – which can translate into thousands and thousands of dollars for the developer at the end of the day. Consider the case of Joel Comm, who developed an app that created a farting noise, appropriately called iFart, which helped him rake in Dh30,000 a day for the first few weeks; or the case of Kostas Eleftheriou, who developed an app called iSteam, which allowed users to scribble messages on a virtual steamed up screen: an app that brought her Dh240,000.


Pages: 1 2 3 4 5 6

Tags: , , , , , , , , , , , , , , , , ,


Leave a Comment