For mobile app performance optimization, having the right tools and implementing basic tips such as image compression, caching, and displaying loading states can significantly improve speed and usability. Reusing data templates and staging component loading can also help cut down launch times. Additionally, optimizing network performance by reducing HTTP requests, using a content delivery network, and minimizing DNS lookups can enhance overall app quality. Using an application performance monitoring tool provides valuable insights to identify problem areas and act proactively to improve the app's performance.