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News on Medial
Appfigures Data shows Declining US App Store Downloads Amid Increasing Revenues
Startup News FYI
·
1y ago
Medial
The U.S. App Store is witnessing a trend where many apps are experiencing declining downloads despite overall App Store revenue growth. This decline in downloads is attributed to increased competition, but it has not significantly impacted the most popular apps. Categories like sports streaming, medical, business, education, shopping, travel, and productivity apps continue to grow. Conversely, news, games, and entertainment apps have seen double-digit drops due to market saturation. Despite the decline in installs, app revenue in the U.S. is rising, thanks to developers' focus on monetization and diverse revenue streams.
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BYJU’S Disappears from Play Store: EdTech Giant’s App Goes Offline
StartupTalky
·
1m ago
Medial
BYJU'S has temporarily removed its app from the Google Play Store amid insolvency issues and ongoing financial troubles. While some credit processing apps remain available, the main app is accessible only through the Apple App Store, albeit with limited functionality. The company's website now features a basic landing page due to server failures linked to unpaid AWS invoices. BYJU'S faces multiple challenges, including legal disputes, regulatory scrutiny, and significant debt, amid declining business operations.
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DeepSeek app holds top global spot in downloads, led by India
Economic Times
·
5m ago
Medial
DeepSeek’s AI assistant emerged as the most downloaded mobile app globally across 140 markets, with India being the largest contributor to new users. Since its release in January, it secured the No. 1 spot on Apple's App Store and Android Play Store in the US. Despite garnering 16 million downloads, surpassing OpenAI’s ChatGPT initially, its growth faces potential hurdles due to cybersecurity concerns as firms and governments block the app.
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A Jury Will Decide If Google's App Store Is an Unjust Monopoly
Wired
·
1y ago
Medial
Fortnite creator Epic Games' lawsuit against Google over its monopoly on the Google Play Android app store could potentially force significant changes in how Google controls apps if they win the trial, which began this week. Google Play accounts for over 90% of all downloads onto Android phones in the US, according to state prosecutors. Epic's allegations have led to some competition regulators ordering Google to loosen its control over app distribution. The trial's outcome could impact Google's tight grip on app downloads and payments.
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PhonePe's Indus Appstore crosses 1 lakh downloads within 3 days of launch
Economic Times
·
1y ago
Medial
Indus Appstore, a new Android-based app store from PhonePe, has gained over 100,000 downloads within three days of its launch. The success of the app store highlights the demand for a homegrown platform that caters to the diverse needs of Indian users and supports local app developers. Indus Appstore offers a zero-commission model and supports 12 regional languages, providing an attractive alternative to Google and Apple platforms. The app store aims to reach 500,000 users and expects to exceed one million downloads in the near future.
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Zepto Cafe scales down amid sourcing, staffing hurdles - The Economic Times
Economic Times
·
13h ago
Medial
Zepto Cafe, a quick food delivery service, is scaling down due to supply chain and staffing issues. Despite experiencing significant growth recently, the company reduced daily orders substantially and suspended operations at several locations. The sector faces intense competition from Blinkit and Swiggy, which also slowed expansion but gained market share. Amid declining app downloads and marketing cuts, Zepto is seeking $500 million from existing investors as it eyes a potential IPO next year.
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PhonePe, Google Pay or BHIM; Which app gained the most due to Paytm fiasco?
Livemint
·
1y ago
Medial
Since the Reserve Bank of India's order for Paytm Payments Bank to stop accepting deposits, there has been a surge in downloads for Paytm's competitors such as PhonePe, Google Pay, and NPCI's BHIM app. PhonePe saw a 45% increase in app downloads, BHIM app experienced a 21.5% increase, and Google Pay witnessed a modest increase. On the other hand, the Paytm app saw a 24% decline in downloads and dropped in ranking on the Google Play store.
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Streaming subscriptions boost 2023 recorded music revenues -report
Reuters
·
1y ago
Medial
The global recorded music industry experienced its ninth consecutive year of growth in 2023, with revenues increasing by 10.2% to $28.6 billion, according to a report by the IFPI. The rise can be attributed to the surge in paid subscriptions to music streaming services, which exceeded 500 million globally for the first time. Streaming revenues accounted for most of the growth, with subscription streaming revenues increasing by 11.2%. Physical formats such as CDs and vinyl also saw growth, along with performance rights. However, revenues from downloads and other digital formats declined.
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YouTube's mobile video editor is coming to iOS | TechCrunch
TechCrunch
·
18d ago
Medial
Google plans to launch YouTube Create, its mobile video editing app, on iOS after debuting on Android. The app, aimed at content creators, offers free editing tools but lags behind competitors like CapCut and InShot in downloads and user engagement. Despite having fewer users, YouTube Create shows user growth and increased retention, especially in India. Sensor Tower data indicates potential for market expansion, though competition remains intense.
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Zomato, Swiggy seek a route to reach bottom of the pyramid
Economic Times
·
1y ago
Medial
Zomato and Swiggy are deploying innovative strategies to attract value-conscious consumers as customer acquisition growth slows. Swiggy's 'Pockethero' pilot offers affordable food delivery targeting students, offering discounts and free deliveries. Zomato's 'Everyday' program focuses on affordable home-cooked meals. Both platforms, previously emphasizing profitability from existing users, are now exploring new customer acquisition strategies amid declining growth in daily active users and app downloads. The shift aims to balance existing user engagement with attracting new customers and fostering long-term growth.
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Apple is hitting back in the war over internet age-gating
The Verge
·
1m ago
Medial
Apple CEO Tim Cook is opposing a Texas age verification bill, SB 2420, which mandates app stores to verify user ages, fearing privacy risks. The bill could require all Texans' personal data for app downloads, impacting even simple apps. Several states, including Texas, are pushing age verification laws, amid debates on youth online safety. Apple favors a federal Kids Online Safety Act, shifting liability to web platforms.
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