Word: sales
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Dates: during 2000-2009
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Zach Saul, a founder of San Francisco-based software shop and consultancy the Retronyms, created Recorder, a voice and audio recorder, which is the only utility among the Top 10 paid apps. Saul said the app was $10 at launch but went on sale a day later for $0.99 - and has sold nearly 250,000 copies to date. What's most remarkable about Record is that a number of other apps provide the same service - for free. "I think we're successful because we continue to improve and fix bugs and so on," he said...
...mistake. "I'm not selling more at $0.99 than I was at $2.99," he said of the entertaining little app that simulates a glass of beer: put the phone to your lips, tip it and you can "swallow" the beer. He dropped the price as part of a presidential sale on Election Day but said he'll raise it again soon to test his theory. Sheraton, who's filed a lawsuit against Coors for creating an iBeer knockoff called iPint, declined to say how many copies his application sold...
...Never buy anything that's on sale. That's always junk. You're just buying it because it's cheap.' ?Isaac Mizrahi, on surviving the recession...
...having on the fund itself. Funds that buy and sell the stocks of large companies should have a fairly easy time getting out of positions, says Kinnel, but funds that focus on less-liquid sectors can wind up in a vicious cycle of having to sell holdings at fire-sale prices. There are a number of reopening high-yield bond funds; those might be worth staying away from for the moment. (Read about Hedge Funds: How the Smart Money Looked Dumb...
That's why you'll see Black Friday-level discounts today and beyond, but with a focus on storewide sales rather than individual door-buster specials. FigLeaves.com started out with up to 50% off storewide sales and increased it to 70% in anticipation of Cyber Monday. Amazon.com has already taken as much as 65% off prices for kitchen appliances and household items. "There is more breadth of merchandise on sale for Cyber Monday," says Sucharita Mulpuru, principal analyst of e-business retail at Forrester Research. "Whereas Black Friday is limited to an assortment of items that are high-velocity drivers...