The Goldrush That Is iPad App Development

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I have been thinking about writing an article on this subject since the release of the iPad but stayed away from the subject as the iPad had been talked to death by blogs all over the world. I guess I just wanted to speculate that we are about to enter another huge gold rush around app creation for the new bigger iPad similar to what we saw with the iPhone app store. The reason I choose to write about this today is that I woke up to a few people telling us that they had spotted the Lookandtaste icon in the windows of Apple stores across the world (Lookandtaste is my other company where we teach people how to cook through video and we built an iPhone app that has 100s of cooking videos). We decided to build an iPhone app with cooking videos as we thought it would be a great way to get people cooking in the kitchen and I guess you could consider it a successful app. It sells all over the world on a daily basis from Malaysia to Australia and was named as one of Apple’s 30 best apps by Apple themselves last year. The app has been up and down and makes a decent 4 figure monthly sum and has helped a small Irish company punch above it’s weight. So how does all this fit in with the new iPad?
The Gold Rush

There are over 140,000 apps in the app store and that number grows at an alarming pace. I have spoken in the past about just how hard it is to market and iPhone app and making enough noise to stand out from the other 139,999 amazing apps is very tough. That doesn’t stop most people though and everybody from small programmers to large brands and huge gaming companies are competing in the space. The biggest problem is that like any gold rush the rewards are massive. Come up with the simple killer idea for an app that makes it big and you can literally sit back and watch the cash roll in. We are going to see thousands of people trying to make apps for the bigger screens thinking they will make their fortune but just like any gold rush the people who actually turn a profit will be few and far between.
Why I won’t Be Making An iPad App
You would think that with our logos hanging in Apple stores all over the world and the backing of Apple for the last 2 years we would be developing an app right now for the iPad (especially given that the bigger screen and portable nature of the device would be ideally suited to our offering). I can tell you though having been through the process I don’t really want to do it again. There are many reasons but they are mainly financial. There simply isn’t the return on investment needed to justify the outlay in building apps for the iPad in my opinion. Sure you could be lucky and get that app that really flies but that is not a gamble worth taking and there is just too much competition. Also add in to the mix that we can’t be sure if the platform will actually take off (I would imagine it would). It is lovely from an ego and branding perspective to have your logo in Apple stores around the world but in terms of sales I wouldn’t really expect it to do a whole lot.
Nice To Have?
The big problem is that iPad apps will become a box to tick on agency briefs all over the world just as an iPhone app is at the moment. Sure there are cases where they work but there are also lots of examples of companies and brands spending tens of thousands of Euros on apps that only get seen by a handful of people. You have to ask yourself the hard question if it is a nice to have feature or if it will actually give you something to your business in return. for the most part I think it will be a nice to have and I can see plenty of marketing execs talking the iPad apps up as we speak and trying to sell them to clients to make themselves look cool. The cold hard reality is that it will be well over a year before there are even a decent amount of these iPads in a country like Ireland and it will be cool and hip marketing type people who have then and not the ordinary Joe Bloggs out on the street.
This Space Belongs To The Big Guys
The apps that will be massive on this device will be huge services like Facebook, YouTube and established game platforms and franchises. There was a small window where some of us independent companies could get on the ladder and get a small piece of the pie but those days are gone. There will be some individual success stories along the way which will help fan the flames of the gold rush but I am personally staying well away from the whole gold rush and leaving it to the big boys to fight out.


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