Apps can potentially rake in billions of dollars each year in revenue. However, most of the apps that manage to do this, are quite low in number. A majority of the apps are duds and literally, don’t make any sort of money at all.
The apps that are in the top 200 apps on the app store, manage to earn around $82,500 on a daily basis. If we widen that bracket a bit and look at the revenue figures for the top 800 apps, the daily revenue drops down to around $3,500. This difference is also prevalent in categories as well, for e.g. if you look at game apps, they make around $22k each day, while the figure is significantly lower for entertainment apps, who manage to churn in just $3090 each day. So, having said that, you cannot have a uniform answer on how much money can your app make.
The app market is registering continued growth and industry analysts predict that this growth is going to remain strong in the future as well. Just register this fact: a whopping 52.2% of the total web traffic in the USA came from mobiles in 2018. So one can understand the reason why so many people and businesses are looking to build their own mobile app.
So if you have a good idea that you think will click with the audiences on the app stores, you know that developing it will require a significant investment from your end. So before investing such a huge sum, you might need the answer to the question as to how much money can an app make and especially the one I am going to produce?
Tekrevol can allow you to understand the dynamic behind this model and allow you to gain a path through which you can build an app that can make a profit for you in the long run and on a continuous basis.
The amount of how much money can an app makes varies from niche to niche and if you’re looking to boost your business in the digital world, then the mobile app industry is the ideal market for you to tap.
This massive revenue generation is a byproduct of the rise in mobile phone usage. According to Oberlo, 52.2% of all global traffic came from mobile phones. For businesses, this is a gold-mine that can result in massive growth, and industry leaders have already started to use this platform to realize a higher return on investment.
Moreover, according to SensorTower, the top-100 app development firms or publishers generated an average of $130 million in Q1 2019, this figure has risen at a CAGR of 31% since 2014.
But since there is no set average for how much revenue an app can generate, you will need to understand how different niches are performing within the app ecosystem to understand just how much exactly the expected returns on your targeted niche will be.
To make this an easier process, we’re discussing some of the most trending business models and applications that are generating massive revenue. Let’s dive deeper into these niches for a better understanding of the app development world.
Mobile applications are not just limited to even smartphones today. Nowadays, applications can be found on Smart TVs. These Smart TVs are today present in more than 70 million homes in the U.S. However, the most popular applications that are being used today on Smart TVs are Netflix, Hulu