Quicken For Mac 2015 Mobile App
Intuit yesterday announced that it would sell its Quicken unit, the group that creates the personal finance software that made the company famous. The news -- and Intuit management's explanation for the sale -- illustrated the retreat of personal computer desktop software and the rise in cloud- and subscription-based services. It also distressed users, who wondered whether the banking and investment software would survive, and if not, how they would replace a program they've relied on for years, sometimes decades. On a conference call with Wall Street analysts Thursday, CEO Brad Smith said Intuit would focus on its small business and tax software, represented by and, respectively -- both have strong cloud- and subscription-based businesses -- and is ditching because, as a strictly desktop product, it has neither. [ Related: ] 'As you know, Quicken is a desktop-centric business and it doesn't strengthen the small business or tax ecosystems,' said Intuit CEO Brad Smith in a conference call with Wall Street Thursday. 'Our strategy is focused on building ecosystems and platforms in the cloud.
We value our loyal Quicken customers and we're seeking a buyer who will provide the product support and the service they deserve.' 'I expect Quicken to be dead in two years at best,' predicted someone identified as 'rickbee9,' in one of several comments on the about the proposed sale. Ccleaner for mac free. Others questioned Smith's explanation, saying that Intuit is simply ditching its weakest money makers to make its balance sheet look better. '[It's] clear that Intuit is divesting itself of the lowest revenue items, no matter how they spin it,' wrote 'smayer97' on the same thread. 'It is clear that this has nothing to do with which segment classes of products they are keeping vs. They are clearly only wanting to keep the top revenue items.' [ ] The three units Intuit plans to sell -- Quicken, QuickBase and Demandforce -- accounted for less than 6% of the firm's fiscal 2015 revenue, and just 2% of its net income during the same period.
The App is a companion app and will work only with Quicken 2014 and above desktop products. Earlier versions of the App prior to Quicken 2014 will not work with Quicken 2015 through 2017 desktop products. - One-click file conversion from Quicken for Windows to Quicken for Mac 2017 is not currently available if purchased from Mac App store. Quicken 2015 for Mac lets users: Make smart financial decisions on the go: The free mobile companion app syncs customer data across desktop and mobile devices, including iPhone, iPad and Android.
For the last 12 months, Quicken contributed just $51 million to the company's total revenue of nearly $4.2 billion. One indicator of the soon-to-be-sold units' worth in investors' eyes is that not one Wall Street analyst asked a question yesterday about their proposed sale. In a, Intuit asserted that it would find the right home for the personal finance software. 'We are seeking a buyer that recognizes the value of the brand, respects the customers and will invest in upgrading the product and support experience,' said Intuit. 'We intend to run a crisp process, focused on engaging with strong and reputable buyers.' Customers weren't buying that either.