First iPhone App Acquired for $70K
Posted by Tom Blue on December 18, 2008 under Companies, Marketing, Technology | 
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Venturebeat just alerted the web world of the first iPhone Application being sold. FutureTap acquired the Where To application from TapTapTap. All the posts from TapTapTap’s blog have been unbelievably informative. I have recently been begging sites like TechCrunch and Venturebeat to discuss the monetization of iPhone applications. I wanted to know more details about how much revenue/profit these apps were making. Most entrepreneurs are very guarded about this information, but TapTapTap has been extremely open. They created blog posts about all of their financials along with the risks and upside of purchasing the application. Apparently the app had received $200K in revenues over a 3 month period and did about $80K in profit during this time. This does not include the cost of TapTapTap’s time… we do not know what that is. The app was sold for $70,000 which on the surface seems like a good deal to me.
