Finance Report

Finance Report - $12,000 Based on revenue charts of...

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Marketing Bullet Points Music Sales = 36% of Apple’s Revenue Ringtone Sales dropped off significantly in 2008 Apple is focusing on replacing the ringtone market with Music apps The mobile adoptions of Pandora, Spotify, and Rhapsody have been very popular Pandora has over 35 million registered users, double what it had in 2008 The increased emphasis on music apps like Pandora will increase demand for music modification apps such as mp3j. Using off-shore outsourcing for the software development, the cost of making mp3j will be approximately
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Unformatted text preview: $12,000. Based on revenue charts of multiple iphone apps, dealing with both music and other genres, mp3j would make a minimum of $7,000 per six months, a more likely estimate of $15,000 per six months, with a max, should it really catch on, of about $75,000 per six months. Companies such as AdMob are offering developers $5,000 in free advertising for their apps. The finance group recommends a price of b/w $1.29 and $1.99...
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This note was uploaded on 05/26/2011 for the course NMIX 2020 taught by Professor Shamp during the Spring '11 term at UGA.

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