Gone are the days where everybody was creating an iPhone and now that the world has evolved a little bit and we can see who’s winning the battle, there are 15 billion dollar applications here!
In no special order do we go through the trillion dollar device club to see what we can gain from their performance. Even if you’re not trying to create an app-centered company, there are valuable lessons to learn about how these businesses were organized and what made them so worth it.
That’s what we’re focusing on today, valuation, growth policy, latest financials and how they hit the stage they are now. It will be a fun one, especially if you are interested in the tech-space.
Here is the list of best apps making billions now:
We are deeply intrigued by WeChat. Before we get into the guess nitty-gritty of who owns WeChat? Yep! Yea! Tencent, the business which we continued to list in this post. They are the first Chinese company to be priced at more than $500 billion. That’s half an Apple right there and they don’t have Silicon Valley going. WeChat governs China and the surrounding countryside.
Facebook purchasing Instagram was undoubtedly one of the best business moves they ever made and perhaps one of the most successful. We recall it as if it was yesterday! Some were hoping for the story to stop, others were figuring out who was the gossip girl’s secret and we were all happy the twilight saga was over. Stuff back then were a lot different.
Uber still has a special spot in our hearts, primarily to give us a safer choice than the typical taxi drivers. We love their story, not just because their hired mobile app developers have transformed a whole market, but they decided not to sell early on, and instead concentrated on expansion, bringing the business public instead. Just to give you guys a snapshot of the kind of figures Uber is actually doing.
The first messaging app on the list, and currently the world’s most famous with 1.5 billion active users each month. This quickly happened. While the world was still trying to find out why Facebook should pay 1 billion for Instagram, in the meantime, this deal was happening. Jaws dropped when the press release revealed they’re spending $19 billion in sales a year.
We love Angry Birds’ story as we’re so close to calling it quits and shutting the store down. After several attempts to break through this vacuum, the business behind the game, Rovio, was very short of cash so they decided to take out all their money and invest in 1 more projects. One of the models came up with the notion of shooting overweight birds with various facial expressions at pigs after others declined concepts.
Also Read: Best Marketing Strategies for Your Startups
Clash of Clans
Clash of Clans ruled the app store for months and we were surprised to learn that in 2017 alone they created more than $2 trillion in sales. Considering everything, they’ve made more than $800 million in profit. That’s crazy given that the mobile app development company in Russia only published 4 games in its 7 years of existence.
Flipboard is the best example of proper pacing. They developed the software primarily based on winning the iPad market. It got off to a great start and soon became one of the top 10 must-have apps for your iPad. Their goal was to save the publishing industry by aggregating everything you would want in a simple, easy-to-use venue. And it did work phenomenally.
Snapchat does have one of the most fascinating inventions. They put themselves on the block as the young boy, the latest youth social media app and they began to rise like crazy. To a point that Facebook bid $4 billion to buy Snapchat. It was time to decide whether they should take the money or catch the breeze, and run with the big guys.
This was the second-largest purchase of a chat app in 2014. The mobile messaging arena offers a very active and competitive area. Like all of the trillion dollar apps listed on this list seeking to grab as much market share as you can. Why is the Viber app worth more than 1bn? In addition to having more than 1 billion registered users, the company has exceeded WhatsApp in Eastern daily active users – notably Russia, making it a very attractive acquisition for Rakuten.
Who has no appreciation for Shazam?! They’ve got a really good background. What you guys may not know is that in 1999 – in the pre-smartphone era – the business was originally founded. You could dial a certain number back then and they’d try to let you know what music they were playing on the radio. Soon came the age of the mobile and it changed everything.
Without excellent execution a million dollar product concept means so little. One common thread about popular apps is that they launched into the market, discovered precisely what their customers wanted, and pivoted their mobile app development company wherever needed.