Here is a slideshow that highlights their achievements. Reuters; Last Updated: March 06, 2020, 16:04 IST; ... a popular gay dating app it acquired in 2016, for about $608.5 million. The British company posted revenue of $24 million in 2011 with sales mainly driven by the app. … 2010 saw Brian as the second youngest company leader to receive funding from a venture capital firm, the first spot taken by Nick D’Aloisio. is the amazingly clever app that can tell you the name of a song, artist and album simply by “listening” to it. These 3 Million Dollar Apps Were Built By Non-Coders ... plan your app, get a freelancer to build it out at a reasonable price and get it earning money for you as soon as humanly possible. Therefore, the market is endless for this App. The majority of these apps are made for mobile use, and the most popular ones are those used for social networking, so it’s no wonder some of the most recognized names in app development are practically kids. Summly has been downloaded about 1 million times since its launch last year. It is similar to managing a Company, with the correct strategy in place whether it be Operational or Marketing, the revenue is limitless. Restaurant Story. Coming out with a concept which is not at all similar to other apps, is the first step of your journey towards selling it for millions. One of the advantageous features Waze had was a possibility for users to interact and report on the road and traffic situation in real-time. Meet 17-year-old British high schooler Nick D'Aloisio, the Justin Bieber of iPhone app development. Prepare yourself for the mobile app wave by building your skills and getting certified. Backflip Madness. For more information on today’s career paths in app development, read “Are you future-ready? Reading how much people are making – and how they’re doing it – is something that will never fail to motivate me to keep working hard. This is a great and easy tool to use to see what an item is worth that you are looking to sell. He has spoken at various popular conferences like TEDx, and SXSW. The above-mentioned Apps exemplify the fact that it is possible to generate very high revenue by understanding a need in the market and by implementing the correct strategy. Elegant Media is an Australia based tech company that specialises in smartphone App development. In 2010, Brian along with his colleagues Courtney Guertin and Amadeus Demarzi, founded Kiip, a mobile app rewards platform that lets companies and brands give real-world rewards for in-game achievements. Two months after launching his own company, one of his apps averaged $30,000 per month cash flow. The income of the company later reached $120,000 in one month. Even though we assume that people are busy, both parents are working etc. These types of investments will assist the developer of the App to upgrade its features and launch the App in other parts of the world which will bring in incremental turnover to the business. This App was developed in the year 2010 and the estimated revenue is believed to … This tool only shows items that are sold. Remember that every business is different, so just because Angry Birds sold for $10 million doesn’t mean that your Angry Meerkats app will sell for the same amount! In an interview with WHO? It has a range of farting sounds you can play to really annoy just about everybody. I’m always inspired by the success that other people have online. Richard James invented the Slinky. Final Thoughts. There are many Apps which are developed on a daily basis addressing the needs in the market but this article will highlight a few Apps which have made headlines by being valued over USD 10 million while having the strangest of ideas. Nick D'Aloisio shares the story around his app. New ideas for innovation are always welcome. ... I’ve only ever sold software once, besides the odd script here and there, and in a few days I’m doing the same again, so I’m definitely not an expert on this … This App was developed in the year 2010 and the estimated revenue is believed to be USD 22 million plus at a valuation of USD 1 billion. This is a really bad app for the iPhone. By mid-2012, Kiip had raised more than $15 million venture capital from companies like Hummer Winbald, Relay Ventures, Verizon Ventures, True Ventures, CrossLink Capital, and many others. Subscribe to our YouTube Channel & Be a Part of 400k+ Happy Learners Community. Are you future-ready? The deal comes after a U.S. government panel set a … 1-MIN READ. "Sources familiar with the deal indicated that Nick received almost $30 million for the app," The Daily Telegraph reported. All the above-mentioned Apps, did not possess the net worth overnight. Get push notifications with news, features and more. PMP, PMI, PMBOK, CAPM, PgMP, PfMP, ACP, PBA, RMP, SP, and OPM3 are registered marks of the Project Management Institute, Inc. It was a navigation app having 50 million users. In essence, you’re doing this already. The Android and the iOS market are getting bigger by the minute. A project management and digital marketing knowledge manager, Avantika’s area of interest is project design and analysis for digital marketing, data science, and analytics companies. It may come as a surprise, but Facebook does not buy app ideas either. We can sign Non-Disclosure Agreements to protect your idea, and then design, develop and release Apps under your own name. This app was invented by Joel Comm — he was channeling his inner middle school boy when he created iFart. Everything You Need To Know About ‘App Links’: The Mobile App URLs Equivalent Of Website URLs. This is a fruit slicing game which has an amazing number of 20 million downloads. The main concept of this App is to send text messages to the friend list saying ‘Yo’. If you have psychology, you can get the skillset.” Today, Chad heads up App Empire, whose products help people turn app ideas into businesses. The amount of revenue one could earn from an App is unlimited. News18 » News » Tech » Grindr Dating App is Being Sold For $608.5 Million. It sends 500 million moments of achievement-based reward notices to customers on a monthly basis through its network. Today, Kiip helps brands run more effective campaigns with “mobile advertising people like.”. This app basically makes your phone into a Whoopee Cushion. He says, “80% of business is the psychology of the business owner and 20% is the skillset. It took him several years to get the snap just right so that his bones broke in the right place, but since then Ken has sold millions and millions of the little luck bringers. Truecaller and others are trying to replicate Tencent’s playbook. You can watch the Android App Development Course Preview for free here. With no background in technology or development, his only strengths lay in the business and creative side of things. Elegant Media 2021 © All rights reserved. Clash Royale. Great question Quoran. "Summly," which was recently purchased by Yahoo! Free eBook: 37 Resources for Android App Developers, Young App Developers Who Became Millionaires, How To Become a Blockchain Developer: A Step-by-Step Guide, Free eBook: Salesforce Developer Salary Report, RPA Developer Salary, Roles and Responsibilities, You can watch the Android App Development Course Preview for free here. Stock up in time for the holidays. It is an astonishing estimate given the fact that it is only a fun App where one could exchange doodle art with family and friends within the network. Share Share Tweet Email Comment. In the next two years, he created and sold three app companies, which rank in millions. There were a combined 75 billion iOS and Android app downloads worldwide in 2015, driving the field of professional developers to reach 19 million just two years later. Web Apps That Have Made People Millions. Kunlun Tech Co Ltd said it agreed to sell its 98.59% stake in Grindr to San Vicente Acquisition LLC. It is one of the most popular drawing games. The phone only needs to listen to the song for a few seconds and the App will tell exactly what is playing: title, album, artist and even the lyrics. WeChat has become such a dominant player in the Chinese internet ecosystem that it is effectively serving as an op… Approximately USD 1 million has been raised from investors such as Betaworks and from Pete Cashmore (founder of the news website – Mashable) and much more investment was found through seed investment rounds. It involved strategic planning which differentiated from its competitors and positioned itself with a competitive edge to capture the market share. You can buy a 10-pack online for under $9. The million-dollar app doesn’t have to reinvent the wheel, it can just as easily be making the wheels we already have run a little smoother. He was a naval engineer who was known by locals as being clumsy. ... and since then, his product has sold over two million units. The app allows users to pop bubble wrap bubbles and experience the same sound and feeling as one would in real life. During his spare time at the hospital, he began downloading apps, understanding what was making people download them and why they were successful.He then sketched his idea on a piece of paper and sent it to a developer. This entrepreneur sold an app to Snapchat for $54M and is now traveling the world Published Mon, Jun 20 2016 12:56 PM EDT Updated Wed, Jul 6 2016 1:14 PM EDT Marguerite Ward @forwardist Kiip has expanded beyond the games platform and into the fitness apps like Nexercise, MapMyRun, Gym-Pact, LoloFit, and many others. Teenager Sells App For $40 Million And Why You Should Care Yes, this is the kid who made 40 million bucks with an app that summarized things. Some apps have been snatched up by larger companies for huge sums of money, for example when Facebook bought Instagram, Onavo, and WhatsApp. Chad credits all of his success to having a game plan. Workplace chat app Slack has been bought by business software giant Salesforce for $27.7bn. for $30 million - YouTube. After selling his app Summly to Yahoo for what’s been reported as $30 million, D’Alosio, 17, is taking the tech world by storm. The target audience of this App are the people who want to build their dream house and design it. Clash of Clans. But for people who want to save money and time and would like to design their perfect home, this App is ideal and the revenue data suggests that the market is growing daily. This App has an estimated revenue of USD 10 million while the number of downloads has exceeded 5 million. The cost to download the app is only $0.99 thereby, resulting in potential users downloading the App and exploring its opportunities. So my suggestion would be to develop a gaming app similar to SUPERCELL standards if you really want to earn in millions! The main income generator for this App is through In-App Purchases thus it builds on its database of clientele on a daily basis since the App is free of cost to download. Nick D'Aloisio speaks about the development of Summly, how he met Marissa Mayer and his girlfriend's reaction to his new fame. 13. As of March 2013, the app was sold to Yahoo! Building a career in Mobile App Development.”. Yahoo bought D’Aloisio’s app for a reported $30 million and gave the teen a job at Yahoo in 2013. Some of these developers have become so successful, in fact, that they managed to make their first million even before they hit the legal drinking age. There’s big money to be made in the world of mobile apps. Both offer 30 hours of instructor-led training, 40 hours of app-based projects, Downloadable Source Code, a project experience certificate, and the chance to develop six trending apps within the course. It was estimated that more than 102 billion apps would be downloaded last year alone. A south London schoolboy has become one of the world’s youngest tech millionaires after selling his mobile app to Yahoo!. Facebook does not pay for any type of ideas – whether it is an app, or a feature, or some kind of … I sold my startup for $25.5 million on Monday just after 2:23 p.m. Pacific Time. Four exceptional young millionaire app developers stand out from the crowd (in no particular order): Born in 1991, Brian Wong is a Canadian internet entrepreneur. It is important that focus is given not only to planning but also to the execution of the plan and it is of utmost importance that reviews are done periodically in order to understand the current position and determine the way forward. Estimated Revenue: $24 Million This App is managed by only three (3) full-time employees but it has around 300,000 daily active users and a total user – base of 4 million. Have you ever had an App Idea and thought, I wish I can make an App like that? Building a career in Mobile App Development. This App has only approximately 50,000 users and is available on both App Store and on Google Store but has surprisingly raised funds of almost USD 10 million. Also, the songs could be played back free of cost through the built-in You Tube player. Chad noticed the doctors at the hospital looking through his phone and thought about security. Sold For app uses eBay API to gather infromation about the products that you are selling or buying. Q&A With the 17-Year-Old Who Sold an App to Yahoo for $30 Million. View On App Store. You need to be a member in order to leave a comment He was also awarded the “Innovator of the Year” title by Wall Street Journal. Let's work together to make it a success. Boom Beach. According to my knowledge, SUPERCELL is a big hit and there apps are earning around $2.4 million all together. Kiip is active on more than 1,100 apps and on 75 million devices. Three months after conceiving the idea, he submitted it to the app store, and the first month of sales brought in $12,000 which recouped his initial investment. If you make your solution so well-constructed that you have a technological advantage, then you have naturally a major … At a price point of $0.99 with just over one million App Store … By Victor ... a mobile news app powered by a text-summarizing algorithm. The app company has built strategic partnerships with more than 40 brands including 1-800-Flowers, American Apparel, Amazon.com, Carl’s Jr., Best Buy, Disney, Pepsi, Victoria’s Secret, Playboy, and Vitamin Waters. The gross revenue of this App is around USD 12 million for a year and the income is mainly generated through In-App purchases. When Mailbox sold itself to Dropbox for a reported $100 million or so this March, the month-old iPhone app wasn't even available to the public. He sold an app to Snapchat for $54 million and now makes money traveling the world. This may sound familiar. Grindr Dating App is Being Sold For $608.5 Million. You would wonder how with photoshop and with all other related software available to add filters to photos, how this App is making this amount of revenue? Pandora had 80 million users as of January 2011 and finished 2011 with $138 million in revenue. Until October 2015, Nick led the Yahoo News Digest operation launched at CES 2014, which went on to win the 201 Apple Design Award at WWDC for its technological and product excellence. No one would have thought there is a need for this App before it was launched since the services and the value it offers is already being fulfilled by architects and interior designers. 17-year-old sells app to Yahoo! 18. Yahooo purchased D’Aloisio’s app, Summly, for a reported $30 million, and now the 17-year-old has … British teen sells Summly app for millions. This concept is quite unique but given the fact that the radio announcers mention the name of the song before or after it is played on the radio, it is quite surprising that the App is worth USD 10 million. Just think of the net worth of Apps such as WhatsApp (USD 9.7 billion), Facebook (USD 71.5 billion), Instagram (USD 1.48 billion) and Twitter (USD 10 billion). Create an account or sign in to comment. How to Sell an App Idea to Facebook. As a result of using this App, people do not have to consult architects or interior designers and could design their house just the way they want for a fraction of the cost they would spend on hiring an architect or an interior designer. With only 55 employees, WhatsApp’s $19-billion valuation could, in an alternate universe where each employee was given an equal share, fetch $350 million per employee. Bubble free is a free to download application but with over 12 million downloads and their marketing campaigns have made a estimated $7 Million in total. The App is rated as being very funny and simply due to that fact, user downloads have kept increasing over the past few years. After he dropped a tension spring and observed … It is an App where the users could design their own restaurant (seating, menu, recipes etc) and exchange recipes from friends and do much more. D’Aloisio lasted two years at Yahoo, before leaving to attend Oxford in 2015. Apple, at its WorldWide Developer Conference, talked about 1.25 million apps in the app store accounting for 50 billion downloads and $5 billion paid off to developers in the last year. FAT BOOTH. + Follow This App could even be used in Universities and Schools for students studying Hospitality or Hotel Management to increase their creativity. The video below on Introduction to Android App Developer Training Course offers a sneak-peek into Simplilearn’s course. The mobile app economy was worth $53 billion in 2012, and TechCrunch says it will be worth $6.3 trillion in 2021. Creator: PiVi & Co Released: May, 2010. For $30 million. Shazam. Launched in the year 2012 and it currently has around 100 million downloads and an estimated revenue of around USD 200 million plus. Each download costs $4.49 and it is one of the most top grossing apps on iTunes. This week his bet paid off. This is nearly five times what employees of Instagram would have got when that company was bought out for $1 billion in 2012. It is such a simple App where it allows the users to discover the music which is played around whether it is in the vehicle or outside (shops, shopping malls, public areas etc). Learn for free! Big Data Hadoop Certification Training Course, AWS Solutions Architect Certification Training Course, Certified ScrumMaster (CSM) Certification Training, ITIL 4 Foundation Certification Training Course, Data Analyst Certification Training Course, Cloud Architect Certification Training Course, DevOps Engineer Certification Training Course. data suggests that people want innovative, fun ideas to keep them occupied sometimes and/or else, destress themselves by engaging in games like these. The Chinese tech giant’s WeChat, an app that began life as a messaging service, has become a one-stop solution for a range of features — gaming, payments, social commerce and publishing platform — in recent years. The users could take photos from the iPhone and transform them into trendsetting retro images with filters and other effects. On Google Store itself, the App has 650,000 users and its estimated net worth is USD 10 million. The basic concept of this App is that it shows the user how the user will look like if he / she puts on few extra pounds and the results which will be displayed would be quite hilarious. A few months ago an 18 year old kid from England, sold his app for 40 million dollars to Yahoo . You’re identifying a problem that needs solving. Some of their apps are: Hay Day. This App has an estimated revenue of USD 24 million and it is believed to be in the top 25 bestselling paid Apps of all time. Slinky. Even with ever-popular games such as Angry Birds and Candy Crush Saga, Fruit Ninja has captured its target audience and is earning revenue. 3. As we reported yesterday, Kim Kardashian stands to make a cool $85 million for her new Kim Kardashian: Hollywood video game, and she’s not the only one… As discussed earlier, with the correct strategy being planned and executed, anything is possible. Are you curious to know, what Android App Development is all about? 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