The Daily For iPad Lost $10 Million In Q1 Of Operations With 800k Downloads

If any of you remember The Daily iPad app, then you remember this: the first iOS app to be a true exclusive newspaper of the digital age, and the first to have in-app purchasing. Well, today some stats about The Daily has reached the blogosphere, and it turns out it gathered 800,000 downloads for the first quarter of operations with $10 million in losses in that same period of time. Keep in mind before launch The Daily used $30 million for it’s development. This also doesn’t mean we can’t pass judgement yet, as News Corp. is committed to bringing the app to Android tablets and mentions it’s still a work-in-progress, but as it seems for now, the app’s unperfected design and function may be talking a toll on its possible success. Via: paidContent.org

About Stefan Etienne

Founded tech site LaptopMemo. 16-years-old, loves tea, tennis, reading, tech, gaming, + more.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Post Navigation