July 22, 2016

Is App-mania Fading?

   July 22, 2016

Is App-mania Fading?

Is_App-Mania_Fading?_%_TMMChart.png

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Editor’s Remarks:

App-mania, starting in 2008, has shown signs of slowing down and the market maturing. Nomura research showed in May of this year that app downloads declined by more than 20% compared to last year. Even as far back as 2014, 65% of US smartphone users downloaded 0 apps per month. Companies such as Flipkart have reversed their previous tune of focusing solely on apps and titans such as Google use apps to augment their bigger web tools. With the decline in VC-backed start-up deals, are we seeing a major shift in consumer interests? Perhaps the next question is how many new apps have you downloaded recently?

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