How Much Money Can You Make With App Development?

By Phill Powell

Nick D’Aloisio is 17. He’s also one of the hottest app developers around…and he just sold his app to Yahoo! Inc. for an estimated $30 million. (His parents will keep his Yahoo! payday in a trust fund until he’s older.)

A passion for app development will pay for his college, and then some.

Yahoo! announced the purchase of the mobile application company Summly recently. What does Summly do? The Summly mobile app summarizes news stories for smartphones and tablets, making it easier for users to skim the articles while on the go. Summly was founded by London teenager Nick D’Aloisio only two years ago. Under terms of the deal, he will join the Yahoo! staff, as will certain members of his Summly team.

“Yahoo!, in my mind,” D’Aloisio said in an interview, “Is one of these classic Internet companies and there is so much opportunity now that they have new leadership with Marissa Mayer. There’s a massive opportunity in what they’re doing, which is taking technologies like Summly and allowing them to become used by hundreds of millions of people.”

Finding Tech Talent
Nick D’Aloisio isn’t the only young app developer being scouted by Yahoo!. Yahoo!, operator of the nation’s largest Internet portal, is focusing on acquiring hot new technology startups. Yahoo! has purchased six tech teams since new CEO Marissa Mayer took the reigns of the company last summer. She has stated her dedication to delivering technology that will help users receive more personalized content on their handheld devices.

Summly provides fast summaries of online articles for people who read their news on their iPhones.

“When I founded Summly at 15, I would have never imagined being in this position so suddenly.”

-Nick D’Aloisio

As for D’Aloisio, he’s been developing apps for mobile phones since he was 12. He sold his first game for about $120. “That did motivate me a lot.” He speaks fondly of that first sale. The future’s unlimited for this new tech superstar; after he oversees the successful transition of his app to Yahoo!, he will probably move on to other opportunities. He plans to build more companies and appears focused on artificial intelligence as his new frontier.

Become the Next App Dev Superstar
Nick D’Aloisio has only been creating apps for five years but today he’s a multi-millionaire. “When I founded Summly at 15, I would have never imagined being in this position so suddenly,” he wrote on the Summly website.

If you’ve got an interest in designing cutting-edge apps for today’s mobile devices, Digital Media Academy can help you develop your talent. DMA has tech camp locations on great college campuses across North America, and offers app dev courses for ages 13 to 17.

Teens in DMA’s App Development for iPhone® & iPad® camp learn how to work with Apple’s® iOS® software development kit, as well as gain valuable exposure to Objective C, Interface Builder and XCode®. Discover how to create cool apps for Apple’s® hugely popular line of iDevices. You, too, could hit the jackpot.