I am a nerd. I find the following interesting and thought-provoking:
http://www.businessinsider.com/the-future-of-mobi…
The Future of Mobile, Business Insider key takeaways:
*Last year, the number of smart phones sold exceeded then number of PCs sold
*Mobile apps are now a $10 Billion mkt and is growing at about 100% per year, unreal growth considering apps have only been around for as long as the Apple App Store has been aroung (2008); mkt is projected to grow to $25 Billion by 2014
*Angry Birds has over 600 Million downloads
Draw Something - a controversial acquisition of this app by Zynga has been talked about before on this website; the siginifcant data points are: launched in 2/2012, already the number one app in 79 countries, downloaded over 20 Million times, generates $100 Million in revenue per *day (that's not a typo), has over 12 Million users per day; to put that growth into context, it took Aol 9 years to get to 1 Million users, Facebook took 9 months, and Draw Something did it in 9 days (again not a typo)
In summary, mobile tech is big business, despite being around for only 4 years.
$100M REV A DAY? No shit I find that very thought provoking too haha
Though I do think that number is off, Zynga paid $180M for Draw Something which was created by OMGPOP. OMGPOP was making $250K of revenue from in-app purchases so I find the $100M/day number to be absolutely ridiculous. The thinking behind the acquisition was that a lot of users might also check out what else Zynga has to offer. http://gigaom.com/2012/03/21/zyngas-draw-something-audience-acquisition/
To be sure, mobile is a big business, but not sure if it's that big.
Actually that is a typo, it generates over $100 Thousand per day.
Correct,that was a typo. $100m revenue a day is a little high.
WSO finallly learns about the post-PC era...
yeah....this sector is actually old news by now
Magnam dolores ab ad voluptas reiciendis. In at voluptatem eius qui consequatur quo dolores. Aut saepe delectus omnis. Qui placeat pariatur inventore expedita.
Voluptatibus doloribus culpa ad velit est rerum veritatis. Minus nihil reiciendis praesentium voluptatem sint autem dicta. Expedita commodi eaque est perferendis eum. Est quia quasi accusantium nisi. Nemo ut veritatis totam aut aut.
Voluptatibus reprehenderit quo eos harum eum odio. Tenetur eum accusamus optio exercitationem. Est quis similique delectus enim recusandae molestias. Et delectus error consectetur iusto. Dolorem id omnis nisi dolorem id.
Vitae pariatur voluptas repellendus. Vel ea ducimus rerum sunt dolorum laboriosam maiores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...