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MacRumors
Aug 5, 2009, 11:04 AM
http://www.macrumors.com/images/macrumorsthreadlogo.gif (http://www.macrumors.com/iphone/2009/08/05/banned-app-store-developer-auctioning-off-business/)

Yesterday we reported on a MobileCrunch story (http://www.macrumors.com/iphone/2009/08/04/apple-bans-developer-with-800-apps-from-app-store/)> 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 (http://flippa.com/auctions/70594/1400-iPhone-Applications-for-Sale) 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.

http://images.macrumors.com/article/2009/08/05/102656-perfectacumen.com current listing_500.png (http://flippa.com/auctions/70594/1400-iPhone-Applications-for-Sale)

Previous auction listings (http://flippa.com/auctions/70594/previousListings)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 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.

http://images.macrumors.com/article/2009/08/05/102656-perfectacumen.com prev listings_500.png (http://flippa.com/auctions/70594/previousListings)

According to Perfect Acumen's website (http://www.perfectacumen.com/index.htm), 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.

Article Link: Banned App Store Developer Auctioning Off Business (http://www.macrumors.com/iphone/2009/08/05/banned-app-store-developer-auctioning-off-business/)



thegoldenmackid
Aug 5, 2009, 11:06 AM
Do they take PayPal. I cannot imagine Apple somehow approving it again.

GoCubsGo
Aug 5, 2009, 11:08 AM
Because investing in a defunct company is always a good idea.

optophobia
Aug 5, 2009, 11:09 AM
Do they take PayPal. I cannot imagine Apple somehow approving it again.

No, they only accept itunes payment :cool:

DrJason
Aug 5, 2009, 11:22 AM
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

fhall1
Aug 5, 2009, 11:28 AM
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!

rdowns
Aug 5, 2009, 11:32 AM
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?

rlmccormick
Aug 5, 2009, 11:55 AM
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?

SFStateStudent
Aug 5, 2009, 12:12 PM
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....

jb510
Aug 5, 2009, 12:24 PM
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.

kisbys
Aug 5, 2009, 12:30 PM
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

Doctor Q
Aug 5, 2009, 12:33 PM
Hey, I know how to make money fast: I'll buy his business and then immediately turn around and sell it for twice as much!

Since people were willing to buy useless apps, there must be people willing to buy a business that can no longer function, right?

uberamd
Aug 5, 2009, 12:36 PM
10,000 apps by the end of the year? So they will basically be the developers behind 1/6th of all apps in the App store? GOOD developers spend a year making one or two quality apps.

Shasterball
Aug 5, 2009, 12:38 PM
Umm, I think it's a little too late buddy now that everyone knows Apple will not be accepting any more apps from your business and has pulled all your current apps.

MarkAK
Aug 5, 2009, 01:11 PM
Typical foreign business tactics............

I hope he receives nothing.

Scooterman1
Aug 5, 2009, 01:13 PM
And he'll try to blame Apple for costing him between 1 & 10 million dollars.

BUSINESS FOR SALE. 1400 recompliled Apps for the Palm Pre, AND MS Mobile 6.5.....
Anyone interested?

HyperZboy
Aug 5, 2009, 01:14 PM
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.

What are you smoking? The man has NO iPhone apps anymore. Apple yanked them all!

This auction of the business including iPhone apps constitutes FRAUD and this man should be going to jail!

arn
Aug 5, 2009, 01:19 PM
just to clarify

he was trying to sell before Apple banned him.

arn

Scooterman1
Aug 5, 2009, 01:23 PM
just to clarify

he was trying to sell before Apple banned him.

arn

It's kind of sad that he built a business, and couldn't sell. However, we don't know the circumstances around why he wanted to sell. After all of the correspondence Apple claims to have sent him, he may have seen this coming. Or, seen litigation coming.

It is good that no one bought it, and had this happen right after buying.

bmclemons
Aug 5, 2009, 01:27 PM
This whole thing sounds like fraud to me.. If he stated 5 employees and now has a lot more in a short amount of time. Frankly, it very suspect oriented. Pay a $5k deposit just to discuss it? Sorry... but honestly this whole thing pops up a ton of red flags for me!

wolfshades
Aug 5, 2009, 01:54 PM
Betcha he has a rich dead uncle in Nigeria as well, with no place to send his million dollar estate. What to do...what to do.....

akacaj
Aug 5, 2009, 01:56 PM
One of those 1400 apps is a ripoff of my app iFight. He sold it for $5. Just checked the app store and it is gone. Had I known that this is what he was doing I would hate complained to Apple a long time ago. I have seen an increase in sales as of last week I wonder if that is when his apps got taken down.

sishaw
Aug 5, 2009, 01:57 PM
This whole episode is a business case for the old saying, "if it seems to good to be true, it is!"

Dmac77
Aug 5, 2009, 02:07 PM
I just love the whole "$5,000 for specifics about the company":rolleyes:

Don

akutad
Aug 5, 2009, 03:54 PM
Boy do I have a deal for you!! I have some swamp land if anyone is interested for $500K and ohhh yeah,... I have an ice factory in Alaska for $1.2M.:p

macagain
Aug 5, 2009, 03:57 PM
I just love the whole "$5,000 for specifics about the company":rolleyes:

Don

That's probably payroll for his 60 employees in Pakistan!

TheBritishBloke
Aug 5, 2009, 05:10 PM
That's probably payroll for his 60 employees in Pakistan!

Most likely so!

Even if he did have a legitimate business, and it wasn't all being closed by Apple, then who would pay between $1M and $10M for an App Store company, earning $5K revenue, with pakistan employees... I'm sorry but even then it would be nuts.

Especially the "Pay me $5K if you want to know the name of one of our apps" even that is fishy.

It's all stupid.

dacreativeguy
Aug 5, 2009, 05:24 PM
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

Walt Disney turned his central Florida land into gold, so maybe not the best example.

wackymacky
Aug 5, 2009, 06:50 PM
The man is a cheat and a fraud.

Now he is going from ripping people off $5.00 for crap ads to wanting a few million for a defunct company!.

How is he going to generate revenue with his Apps pulled.

I don't see him taking Apple to court.

All you would be buying is his debts while he runs off to Mexico.

...............

I just had a look at his Web site.

He recons that HP, Microsoft and Apple are his clients. Ha HA HA!

And doing a WHOIS seach for the domain name reveals some interesting tit-bits:

The owners have chosen to hide their identity via a proxy registration at godaddy.com, known to be used by a lot of dodgy folk.

The only contact details on the web site are a proxy email address.


After a little digging:

As well as his Apps Company he is also selling his 2008 Porsche:

http://www.unocardealers.com/download?fid=10692

The phone nuber on the web site is at lest as real one.

He has been invoced with making and (trying) to sell a number of webs sites. Largly invoved in image uploads( We all know what this represnts) and sites involved in selling hiding IPs

His CV is on his website here: http://www.shakeinc.com/

If it is to be believed he seems like he is good at generating income (millions) and he is first class software engineer.

Makes you wonder why are iPhone apps etc so crap! Why does he hide behind a proxy.


He also is/was living in a blo*dy nice appartment if his address is to believed. I was going to post a pic, but then I thought this likely a breach of privacy and may land me in the poo.

Axxl
Aug 5, 2009, 08:36 PM
Heh, if you check his website, every page is the same :P.
Alex

veterator
Aug 5, 2009, 11:17 PM
Hey, I just got an email from a widow in Nigeria with $56,000,000 she needs to get out of the country. I am forwarding her letter to this guy. Maybe they can work something out.

Problem solved.

Anuba
Aug 6, 2009, 09:14 AM
Good riddance, but... in other articles about this dude, he was listed as the "third most prolific" developer on the App Store, which begs the question WHO THE HELL ARE THE OTHER TWO WHO HAVE *MORE* THAN 800 APPS EACH? I'll be glad to eat my hat if either developer has produced 800+ unique quality apps that are worth being on the App Store, considering the many potentially useful and/or well designed ones that have been rejected.

roland.g
Aug 6, 2009, 11:04 AM
I actually got an email response from him yesterday. They are in the process of moving the company to Nigeria.

BTW every page on his site has 1 or 2 click here's that don't have a link in them.

dejo
Aug 6, 2009, 11:17 AM
WHO THE HELL ARE THE OTHER TWO WHO HAVE *MORE* THAN 800 APPS EACH?
Brighthouse Labs (http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewArtist?id=304663034) has approx. 1,960 apps currently listed on the US App Store.

Still trying to figure out who the other one is...

Anuba
Aug 6, 2009, 12:04 PM
Brighthouse Labs (http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewArtist?id=304663034) has approx. 1,960 apps currently listed on the US App Store.
Great. One travelguide for every city and country, one SupaFan app for every celebrity. So basically they have two applications, not 2,000. No wonder Apple has bragging rights for 70,000 apps. How many unique apps are there really, 700? :rolleyes:

whooleytoo
Aug 6, 2009, 01:58 PM
240 -> 4,000 employees over the next year.

1,670% growth. not bad for a recession... :p

Bubba Satori
Aug 7, 2009, 12:06 PM
Typical foreign business tactics...........

Really ? And you know this how ? Or just another example of mindless chauvanistic nationalism ? :rolleyes:

Anuba
Aug 8, 2009, 08:29 AM
Really ? And you know this how ? Or just another example of mindless chauvanistic nationalism ? :rolleyes:
I was under the impression that it's a U.S. based company...? I somehow doubt it's run by a "furrener". He has a foreign sounding (arabic) name, but so do 98.5% of Americans as far as the indigenous population is concerned. ;)

sushi
Aug 8, 2009, 08:54 AM
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. <snip>
Wow. Just wow!

That business description is good for a nice laugh.

For example, price range from 1 to 10 times? What the heck is that?

Give them $5,000 to see the real data? If I need a second look at the books, does it cost me another $5,000?

Employee expansion. Unbelievable along with the increase in apps.

Anyhow, it gave me a nice chuckle.

Brighthouse Labs (http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewArtist?id=304663034) has approx. 1,960 apps currently listed on the US App Store.
So what constitutes an app for it to count in the app store?

Looks like anything that you can DL free or for a price is how Apple is counting. As we can see, probably not the best way to do it.

Still trying to figure out who the other one is...
I'm curious to know who it is as well.

longterm
Aug 9, 2009, 04:38 PM
Typical foreign business tactics............

I hope he receives nothing.

Yeah, those pesky foreigners... wait... isn't the iPhone built in China?

Yeah, how come this guy can't do business like American businessmen, like the Enron guys, or Bernie Madoff, or countless other American slimeballs?

NOTE TO MarkAK: It's not a good idea to make ignorant blanket statements about "foreigners." Bad business tactics aren't the exclusive domain of non-Americans; there are plenty of sleazy American business people, as the daily news attests.

BTW, I'm a born-and-bred American, although my Louisiana certificate of live birth (yes, that's what I have and have used to travel all over the world) wouldn't appease the birthers... :D

HighLife420
Aug 10, 2009, 12:51 PM
i say we all chip in and send him his payment in 1 million iTunes Gift cards.

:D:D:D

countrydweller
Aug 11, 2009, 12:14 PM
http://www.macrumors.com/images/macrumorsthreadlogo.gif (http://www.macrumors.com/iphone/2009/08/05/banned-app-store-developer-auctioning-off-business/)

Yesterday we reported on a MobileCrunch story (http://www.macrumors.com/iphone/2009/08/04/apple-bans-developer-with-800-apps-from-app-store/)> 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.

Is this guy back with the SupaFan apps?

On Flippa.com, his auction (http://flippa.com/auctions/70594/1400-iPhone-Applications-for-Sale) 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.

http://images.macrumors.com/article/2009/08/05/102656-perfectacumen.com current listing_500.png (http://flippa.com/auctions/70594/1400-iPhone-Applications-for-Sale)

Previous auction listings (http://flippa.com/auctions/70594/previousListings)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 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.

http://images.macrumors.com/article/2009/08/05/102656-perfectacumen.com prev listings_500.png (http://flippa.com/auctions/70594/previousListings)

According to Perfect Acumen's website (http://www.perfectacumen.com/index.htm), 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.

Article Link: Banned App Store Developer Auctioning Off Business (http://www.macrumors.com/iphone/2009/08/05/banned-app-store-developer-auctioning-off-business/)

Is this guy back with the SupaFan apps?

Mew2468
Aug 11, 2009, 12:23 PM
Brighthouse Labs (http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewArtist?id=304663034) has approx. 1,960 apps currently listed on the US App Store.

Still trying to figure out who the other one is...

I'm curious to know who it is as well.

According to this article (http://bustedloop.com/blog/2009/7/7/how-much-does-it-cost-to-buy-every-iphone-app.html), the other developer/publisher with over 800 apps is Iceberg Reader (http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewArtist?id=299192194) (over 1200 apps).

JennaLDS
Aug 23, 2009, 09:27 PM
Just curious, but what kind of apps did he have that were SO bad that Apple banned him?