AI Insights · Timothy · January 2021
Top 5 Android Business Finance & Solutions Apps in Europe: Q4 2020 Performance
A Sensor Tower data analysis reveals the performance trends of the leading Business Finance & Solutions applications on Android in Europe for Q4 2020. The report highlights user engagement and download metrics, reflecting the sector's dynamics.
As the year 2020 closed, the business finance and solutions sector on Android saw varied performances among top applications in Europe. Sensor Tower provides an overview of how these apps fared in terms of downloads, revenue, and weekly active users.
Invoice2go: Easy Invoice Maker experienced a peak in downloads reaching 1.6K in mid-November, while its revenue topped at approximately $15K in early December. The app's weekly active users showed an upward trend, with numbers growing from around 1.2K to 1.6K by the end of Q4.
Intuit's QBSE demonstrated a more consistent revenue trend, maintaining around $13K to $14K throughout the quarter. Download numbers for QBSE peaked at 4.9K in the last week of December. The app's weekly active users saw a significant increase from 18K to almost 22K, indicating a strong finish to the year.
Another Intuit product, QuickBooks Online Accounting, showed a steady revenue performance with a slight increase toward the end of the quarter, reaching $8.7K. Downloads for the app surged to over 2K in the final week of December, and active users increased from around 13.5K to over 15K in the same period.
Invoice Maker & Billing App from Invoice Home Inc. saw its highest revenue at $3.3K in the first and second weeks of December. The app's downloads remained relatively stable, with a slight uptick to 551 in the last week of the quarter. Its weekly active users fluctuated but ended with a slight increase from 5.1K to 4.4K.
Lastly, Invoice Maker by Billdu had its highest revenue in mid-November at around $2.5K. The app's downloads peaked at 220 in mid-October but experienced a decline toward the end of the quarter. Weekly active users were not reported for this application.
For a more detailed analysis and insights on the performance of these and other applications, Sensor Tower's full suite of tools provides extensive data on the mobile app ecosystem.