DEFINITION of 'Killer Application'

A software package that is novel and desirable enough to persuade a consumer to buy pricier hardware in order to run the application. The term "killer application" may be derived from the fact that such an application is perceived to be innovative enough to overcome the competition.


Better known as "killer app."

BREAKING DOWN 'Killer Application'

Word-processing software and spreadsheets were widely considered to be the killer apps of the 1980s, when personal computers started getting popular. Similarly, Internet browsers and webmail were the killer apps that fueled the online and dotcom boom of the 1990s.

Killer apps are instrumental in driving rapid growth in sales of the platform on which they are based. While some companies that develop killer apps can enjoy substantial margins and profits for many years, this competitive advantage does not last for long for most companies in the dynamic world of technology, where short product life cycles are the norm rather than the exception.




RELATED TERMS
  1. Category Killer

    Large companies that put less efficient and highly specialized ...
  2. Killer Bees

    An individual or firm that helps a company fend off a takeover ...
  3. Mortgage Application

    A document submitted by one or more individuals applying to borrow ...
  4. In-App Purchasing

    The purchase of goods and services from an application on a mobile ...
  5. Apple App Store (AAPL, GOOG)

    The Apple App Store is where customers can buy and download digital ...
  6. Loan Application Fee

    A fee charged to process an application for a loan, such as a ...
Related Articles
  1. Investing

    Smartphone "Flagship Killers" Coming After Apple And Samsung (AAPL, 005930)

    Learn why flagship killers such as OnePlus and Xiaomi have the potential to become the first legitimate competition faced by Apple and Samsung.
  2. Small Business

    How Apps Are Changing The World

    Apps have allowed people to replace several pieces of tech with a single smartphone or tablet and have made the data from that device much more complete.
  3. Investing

    A Primer On Investing In The Tech Industry

    The tech sector can provide fantastic returns for investors with a little know-how in the field.
  4. Personal Finance

    Goldman Sachs Gets 250K Internship Applications (GS, BAC)

    According to the Financial Times, Wall Street investment banks saw a flood of applications for summer internship positions.
  5. Insights

    Spot the Unicorn Software Companies of Tomorrow (MS, CRM)

    The next big software successes are likely to be ones that offer solutions in three critical areas.
  6. Small Business

    The Top 10 Hidden Factors Affecting Software Stocks

    Want to invest in software? Here are the most important factors affecting profits, revenues, and stock price of software companies
  7. Financial Advisor

    7 Apps Every Financial Analyst Should Have

    Review the seven best mobile apps for professional financial analysts for streamlining up-to-date information and performing data analysis.
  8. Personal Finance

    Common Interview Questions for Project Managers

    Discover the basic skills needed for a position as a project manager along with common interview questions used in applying for such a position.
  9. Personal Finance

    What Gets You In Grad School: GPA Vs. Work History

    Grad schools usually take a holistic approach when evaluating applicants. That means it's a good idea to scrutinize every aspect of your application.
  10. Small Business

    Top 10 Apps to Split Bills in 2016 (PYPL)

    These 10 applications have the ability to split bills, distribute expenses to friends and track outstanding payments yet to be received.
RELATED FAQS
  1. How do I apply for Social Security retirement benefits?

    Understand the process of applying for Social Security benefits, the kinds of information and documentation you need, and ... Read Answer >>
  2. How does portfolio management software work?

    Discover the functions of various complexity levels of portfolio management software, and learn how traders utilize portfolio ... Read Answer >>
  3. Can a foreign individual open a savings account in the United States?

    Find out what it takes for a foreign individual to open a savings accounts in the United States in an age of heightened awareness ... Read Answer >>
  4. What is the best software for calculating the cash budget of an individual?

    Explore the options and features of several leading personal finance tools to find the best software for calculating your ... Read Answer >>
  5. What is the relationship between research and development and innovation?

    Understand what research and development is and why a company or person would want to conduct it. Learn about how it can ... Read Answer >>
  6. How do I track my pending application for Social Security benefits?

    Understand the simplest way to follow up on your Social Security benefits application and the basics of eligibility and payment ... Read Answer >>
Hot Definitions
  1. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  2. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  3. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  4. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  5. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  6. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
Trading Center