Over the weekend we wrote about a secret among application developers which is that at least one developer is currently generating over $1 million a month. Today, Charles Young of Developer Analytics released data which suggests that this rumor is false. The information does suggest that Mob Wars is the top revenue generator though. This is also what many have speculated and confirms some of our own findings.
The only problem with this information? It doesn’t seem completely accurate. It does make a lot of sense though but this also suggests that Slide is currently generating close to $6 million a year from their top two applications. That definitely doesn’t justify a $500 million valuation though. Can you really plug all these numbers into a single equation which can tell you a company’s revenue?
Definitely not! You can definitely come close though and Developer Analytics appears to be a more realistic estimate than Adonomics (which calculated an app’s estimated valuation) was is estimating valuations. There are some intersting findings that the company has generated and a number of suggestions that have been created for most of applications based on the numbers the company has.
So what is Developer Analytics trying to create? The company is looking to generate what appear to be automated numbers based on equations they’ve created which is similar to a Compete.com or Alexa for social applications. It’s an unfulfilled niche but are companies willing to invest $200 - $800 a month after an initial fee of $500 - $8000 for company data?
I’m sure there a lot of companies already registered but the only problem with this strategy is that the data is still automatically generated. There’s definitely valuable information though. Check out Developer Analytics recent post for the latest stats.
