You Won’t Believe The #1 App Millennials Can’t Live Without (It’s Not What You Think!)

You’ll never guess the number 1 app Millennials can’t live without!

new-investing-overwhelmed

What’s the number 1 app that Americans aged 18- to 34-years-old said they couldn’t live without? No, it’s not SnapChat, WhatsApp or Instagram. It’s not even Facebook! In a survey conducted by comScore’s 2017 US Mobile App Report of Apps that were “most essential” to Millenials, Gmail ranked second and Facebook ranked third.

Believe it or not, SnapChat didn’t even make the cut and was not featured on the most essential apps for those surveyed.

So what made the number one spot for 18- to 34-year-olds? Surprisingly, the highest ranked app was Amazon! Over a third of those surveyed said they can’t live without the Amazon app, which highlights some interesting habits of this tech-savvy millennial generation.

Thanks to a cool graphic over at Business Insider, here is the Top 10 list from the survey:

Note that the survey asked the respondents which apps were the “most essential”, not the most ‘fun’ or ‘entertaining’. Andrew Lipsman of comScore had the following to say: “It speaks to a broader insight, which is that millennials seem to recognize the importance of the more functional apps, like Amazon, Gmail and Google Maps.”

Amazon makes up a component of one of the FANG stocks (the acronym used to signify four high performing technology stocks in the market as of 2017), and the company has grown significantly over the past several years. This survey, which places Amazon as the number one most essential app, highlights some interesting trends which could spell good news for this Jeff Bezos owned tech giant. For example, as this particular generation ages and grows their earning power, and therefore has more disposable income, this could signal strong growth prospects for the companies that make the list of most essential apps for this group of people. And with the number 1 spot on the list, Amazon is primed well for future earnings potential (pun intended!).

Amazon is already becoming an unrelenting force: with the dominance of Amazon Prime over home deliveries, the far-reaching powers of business services such as Amazon Web Services, and now the gamble into the groceries market with the acquisition of Whole Foods, Amazon is set to have an exciting few years ahead.

Amazon is available to invest in on the iBillionaire app as part of the Tech Strategy. From as little as $5 per month you can invest in Amazon, as well as other tech giants like Google, all from a few clicks in our app.

Don’t delay – you won’t want to miss out on Amazon’s potentially crazy future growth! Invest in the TECH STRATEGY.

 

iBillionaire Capital LLC is an SEC registered investment advisor. See sipc.org for more details. By using this website, you accept our Terms of Use and Privacy Policy. Before investing, consider your investment objectives and iBillionaire’s charges and expenses. Historical performance is not a guarantee of future returns. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in loss. Not endorsed by, affiliated with, sponsored by, or fully reflective of the “billionaires” or their companies. The information contained on and used by our site and in our apps includes the names, brief biographical information, and references the companies of certain persons whom iBillionaire has identified from publicly available information as high net worth and financially sophisticated personal investors, most of whom are public figures. iBillionaire does not communicate with and is not supported or endorsed by or affiliated or associated with any of these individuals or their companies. To the extent these individuals use their names or the names of their companies as trademarks, such trademarks belong to their respective holders, and iBillionaire’s use of the same does not imply any affiliation with or endorsement by them. Information about the investments of the listed billionaires is limited to that which is publicly available in regulatory filings and may not provide a complete picture of each of their personal investment strategies. Daily and annual performance rates for the billionaires are calculated based on this limited information and will not accurately reflect each billionaire’s personal investment return. In addition, certain information is gleaned from filings made by companies substantially owned or controlled by one of the billionaires, which we have attributed to the billionaire personally.

[ssba]