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Banned App Store Developer Had Been Trying to Auction Off Business

Yesterday we reported on a MobileCrunch story about developer Khalid Shaikh, whose developer status was terminated by Apple over third-party intellectual property complaints, resulting in the removal of all of his apps from the App Store. Shaikh had several hundred apps under his name in the App Store, many of which seemed to simply pulled data on a specific subject from the web without providing any other original or unique content. Additional information has come to light about Shaikh showing that he has been attempting to sell Perfect Acumen, the business entity responsible for the development of his apps, for some time now.

On Flippa.com, his auction is titled "1400 iPhone Applications for Sale" with the most recent listing date as July 2. Although all of the apps he previously had in the App Store were listed under his name alone, the details within this auction reveal that the apps were the products of Perfect Acumen. The auction is still active and shows no offers pending or accepted.



Previous auction listings show an interesting trail of information for the business, with the first auction in January indicating that the business had 5 employees and earned $1800 per month in revenue, all the way to the current listing that states the business has 60 employees located in Pakistan with revenue between $10,000 and $50,000 per month. Shaikh also reveals in this listing that headcount is expected to increase to "120 to 240" by the end of this year and that they plan to have over 10,000 apps within this same time frame.



According to Perfect Acumen's website, the company is a "website design/development, graphics and internet marketing company" so iPhone app development is apparently only one aspect of its operations. The current auction consists of "100% ownership" of the company, including its website, content, 1400 iPhone apps, and 100 Android applications. No mention whatsoever is made of Apple's decision to terminate its relationship with Khalid Shaikh and withdraw all of his apps from the App Store.

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Posted: 33 months ago
Do they take PayPal. I cannot imagine Apple somehow approving it again.
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Posted: 33 months ago
Because investing in a defunct company is always a good idea.
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Posted: 33 months ago

Do they take PayPal. I cannot imagine Apple somehow approving it again.


No, they only accept itunes payment :cool:
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Posted: 33 months ago
What a joke.....asking price of $1M to 10M is a HUGE range and business is only generating $10K to $50K in revenue

BTW, anybody that is considering purchasing this business should contact me about some beautiful land in central Florida and I have a great bridge in NYC for sale
Rating: 0 Positives / 0 Negatives
Posted: 33 months ago

What a joke.....asking price of $1M to 10M is a HUGE range and business is only generating $10K to $50K in revenue

BTW, anybody that is considering purchasing this business should contact me about some beautiful land in central Florida and I have a great bridge in NYC for sale


c'mon give them a break...that's $10K to $50K of fictitious revenue PER MONTH!
Rating: 0 Positives / 0 Negatives
Posted: 33 months ago


BTW, anybody that is considering purchasing this business should contact me about some beautiful land in central Florida and I have a great bridge in NYC for sale


Why are you selling? Do you have pics?
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Posted: 33 months ago
That description is far too amateurish to be written by a company that supposedly has experienced executives. Do they really think they are going to attact a bid with that posting?
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Posted: 33 months ago
I would hope that he diversified some of that suspect income.....:eek:

Just wondering if he'll take Western Union or a bank/travelers cheque....
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Posted: 33 months ago
It's not THAT bad people... this is a guy who has built a software development network for mobile platforms that he is selling. That network represents more than just iPhone and does have value... the PROBLEM is there is no discussion of any pending legal actions against the company, any smart buyer would pursue that in their due diligence, but this is a far cry from buying a bridge in Brooklyn.
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Posted: 33 months ago
loving how they get $5 of revenue for every $1 spent great (supposedly) margins (nothing to do with them) sounds like the american dream, or possibly a little money laundering
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