On this podcast, we had app marketers, developers, advertisers, and experts in various areas of the app industry. All these people shared their expertise, gave their take on challenging questions, and shared their dreams and hopes for the industry.
Today, I want to give you a perspective from somebody who is, in my opinion, in the best position to give us a bird-view of the app industry and talk about where are and where we’re going.
Eric will cover multiple bases, giving us the highlights from the Consumer Subscription Software report, issued by GP Bullhound investment bank recently.
Today’s Topics Include:
- The current state of the app market
The most dynamic and promising app categories of todayObstacles and roadblocks for the app industry todayHow Eric assesses the app's potential, what KPIs are consideredOne-time customers vs loyal ones, tourists vs localsApp Subscription Renewal ratesNew app user acquisition channelsWhat app owners need to prepare to sell their apps or fundraiseAndroid or iOS? iOSEric's first mobile phone was a Cingular Wireless TouchphoneWhat features would Jennie miss most? WhatsApp and iMessageWhat’s missing from mobile app technology? Software, hardware, or magic that allow people to isolate themselves from their phones for several hours a day.Links and Resources:
BP BullhoundConsumer Subscription Software 2022 - The Evolution of CSSBusiness Of Apps - connecting the app industryQuotes from Eric Crowley:
“There are great prices being paid for great companies at any time, even if there is a recession. If it's a great business someone will pay the price.”
“The biggest thing is App Tracking Transparency (ATT) rolled out. There is no way to put it differently - it was a huge hit to the space.”
“TikTok - it's easy to get a lot of views, it's really hard to get retention and engagement.”
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