Tapulous hit a rough patch in September 2008 when the company lost their whole development team, but they were able to quickly recover. Today the company has about 20 employees and makes about $1 million per month. This further proves that game developer companies can make some solid revenues from the Apple Inc. (NASDAQ:AAPL) App Store.
Tapulous’ game Tap Tap Revenge has been installed about 20 million times and has been played by gamers around 600 million times. comScore even predicted that Tap Tap Revenge has been installed by about one-third of all Apple application users. Tapulous CEO Bart Decrem believes that mobile app commerce is going to see tremendous growth over the next two years.
“It’s going to be big and all of a sudden people are going to say, ‘holy cow, where did those guys come from?'” stated Decrem in an interview with Reuters. Tapulous raised a total of $2.8 million from venture capitalists. Khosla Ventures and Marc Benioff (Salesforce.com CEO) are two major investors in Tapulous. Tapulous earns revenue through the game purchase prices and in-app song downloads.