Appbackr Inc., the only digital wholesale marketplace for mobile apps, announced Thursday the release of its Appbackr Score algorithm, Appbackr StoreScore for Android (News - Alert) stores.
The StoreScore app allows Android stores to create custom channels of high performing apps. In addition, the new app takes the highest selling app on any platform and gives stores the right apps to sell to maximize revenue and customer satisfaction, according to the release.
"Our machine learning model for Appbackr Score evolves and adapts to changing conditions, exploiting hidden correlations in the large and complex mobile market," said Ethan Herdrick, lead data scientist at Appbackr.
The algorithm was designed to use apps which have proven to be successful as examples, and builds a machine learning model to find apps for those stores.
“Appbackr StoreScore is a great way to allow the Appbackr Score to work for app stores by leveraging great apps that meet the needs and wants of their customers," said Trevor Cornwell, chief executive officer at Appbackr Inc. "This is a major breakthrough for developers because Appbackr Score allows discoverability based on quality not just quantity sold.”
Appbackr CEO also states that the StoreScore app gives stores a chance to deliver high quality apps, often not found in other Android stores.
Appbackr Inc. was originally created to provide developers with predictive analytics, crowd funding and retail distribution.
Since its launch in 2012, Appbackr has sold over $1 million in retail value of apps in its marketplace and remains the go-to solution for developers in need of funding.
According to a release from Appbackr, the website is a community of developers and backers. Developers looking for money to finance their application development, marketing and distribution, go to backers to pre-buy wholesale copies of their app and earn the retail revenues from it.
“Our goal is to help the best apps get funding, distribution and exposure,” said Cornwell.
Developers who have found success with Appbackr include CEO of PopVox, Marci Harris, who says, “If you are doing an app, this is definitely the way to go the value-add of not only the financing mechanism, but the advice and assistance, makes this model even more attractive for an entrepreneur.”
In related news, earlier this month FLASHLIGHT, an iPhone (News - Alert) app from developer i4software, announced they will be launching a new app sale on Appbackr. This is the apps third campaign as they try to raise $450,000, the largest ever on Appbackr.
Edited by Rich Steeves