In December 2011, we reported an announcement from Intuit regarding their plans to develop a version of its Quicken 2007 for Mac software that would be compatible with OS X Lion, targeting “early spring” for a release.
Quicken 2007 has remained a popular option for users of personal finance software despite its age. Instead of continuing to update the full Quicken product for Mac, Intuit opted to deploy a stripped-down Quicken Essentials for Mac in 2010. However, when Apple discontinued Rosetta in OS X Lion, applications such as Quicken 2007 that had been written for PowerPC-based Macs became incompatible with the latest operating system.
The software is now available directly from Intuit. Lion-compatible Quicken 2007 for Mac is available either by direct download or on CD and its price is $14.99.
“Quicken Mac 2005 – 2007 data files will automatically convert into the Lion compatible version. If you’re currently running Quicken Essentials for Mac on OS X 10.7 Lion, and have previously converted from Quicken 2005, 2006 or 2007 for Mac, you’ll be able to migrate your Quicken Essentials transaction data to Quicken Mac 2007 OS X Lion compatible.”
Migration of Quicken Essentials data into the Lion-compatible version of Quicken 2007 for Mac has been outlined in a support document.
Intuit’s lack of support for the Quicken for Mac product line sent customers searching for alternatives. A number of other products such as iBank and Intuit’s own Mint.com witnessed some success in the market. However, each of the products offered a slightly different set of features.
Obviously, Intuit is trying to keep some of its Quicken for Mac customers using the software under Lion. Right now, it is not clear whether the company has a long-term plan to advance a Quicken product for Mac that offers features beyond those found in Quicken Essentials. The Quicken 2007 for Mac page recommends that new Quicken users opt for Quicken Essentials. Thus, it appears that Intuit is still planning to push the stripped-down Essentials package as its primary Mac offering, at least for now.
Source: Mac Rumors