The present technological revolution is based on mobile apps. Hundreds of millions of people use applications to access the internet for entertainment, games, education, communication, and financial management. According to a new analysis, the “app economy” is rising to new highs with no end in sight. According to a forecast by Finances Online, mobile app usage would increase by 6.86 percent by 2020. The coronavirus outbreak boosted the app economy significantly. In 2018, there were 317,673 mobile app companies in the United States. By 2025, the global market for mobile apps is anticipated to reach $653.9 billion. The greatest app stocks to purchase right now are Apple Inc. (NASDAQ: AAPL) and Alphabet. Consumers spent over $32 billion on in-app mobile purchases in the first quarter of 2021.
Insider Monkey analyzes the 10 best app stocks to buy today. Zynga Inc. is a social game firm based in California that specializes in online games and advertising. Advertising brought in $123 million in the first quarter, accounting for 18% of total income. Yandex N.V. is a Russian internet firm that offers e-commerce, search, mobile apps, and advertising services. Yandex made RUB 73.1 billion in sales in the first quarter of 2021, up 39 percent year over year. On the list of the top app stocks to purchase right now, Electronic Arts Inc. is ranked eighth. The Simpsons, SimCity BuildIt, NBA Live Mobile Basketball, FIFA 21, and other well-known games are all owned by the firm. Match Group, Inc. is the parent company of a number of well-known dating apps. With over 450 million downloads in 2021, Tinder is the most popular dating app. In Q1 2021, the average number of subscribers was 6.9 million. Baidu, Inc. is a Chinese global technology firm. Haokan, Baidu Post, and the most important, Bidu App, are just a few of the company’s mobile apps. Its stock price is also rising, making it one of the greatest app stocks to invest in right now. For more details, click 10 Best App Stocks to Buy Today.
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