American software maker Intuit released the newest version of its 32-year-old personal finance program Quicken 2016. The version was released amid the possibility that the company will sell that part of its portfolio in order to spotlight on cloud-based tax and small business accounting services. Quicken 2016 will priced at between $40 and $165 with separate editions for Microsoft’s Windows and Apple’s OS X. Its Quicken Deluxe, the most popular version, will be available at $75.
Intuit rolled out its annual Quicken upgrades in November to polish the code. “They [were] good, but we want[ed] them to be really good,” says Eric Dunn, the executive who runs the Quicken division. Generally Intuit rolls out its annual Quicken upgrades in September or October and this time it delayed the release to make it more perfect for the accounting purposes. mac mini support helpline
“It’s one of the most iconic brands out there, but it’s 2% of our revenue and the customer base hasn’t grown for 20 years,” says CEO Brad Smith. “Quicken is just an incredibly loyal customer base, and it solves an important problem for a small group of people, and we want to go out and solve big problems that aren’t getting solved well. We had to move from trackers to doers, who want to have a reminder, something buzzing in your pocket,” he added. Mac helpline services
Up to that time, Intuit had announced that it was shopping the Quicken unit to its potential buyers and it would continue to support, maintain and develop the product until release a 2016 edition. In its filing with the U.S. Securities and Exchange Commission (SEC) for the quarter ending Oct. 31, the software maker has said that it would it was putting on the block Quicken, Demandforce and QuickBase that had generated $59 million in revenue this year. And it was considered as a 3% decline from the same period in 2014. Macbook Help and Support
If overall figures are compared, it is found that the company boosted revenue for the quarter by 17% to $713 million. It is said that Intuit had increased the subscriber count of QuickBooks online by 57% to nearly 1.2 million. The CEO Smith also claimed that the accounting software was just 2% of Intuit’s total.