It is possible to make significant revenue from an app on the Apple Store, as many private developers have discovered. Depending on the app, it can earn a developer between $25,000 and $100,000 per day. The top-grossing apps earn up to $82,500 a day, while the top 800 grossing apps earn between $2,800 and $3,500 per day. The popularity of apps is well known, with most people spending most of their time on their mobile devices. Therefore, in-app purchases are a good way to generate income from apps.
There are a variety of methods to increase the amount of revenue a developer can make by creating a mobile application. Some of the best-known apps make money for a parent business. The most lucrative are music, gaming, and video streaming apps. According to statistics from the Apple App Store and Google Play, these apps generated a total of $23.3 billion in revenue for the first quarter of 2020.
Before deciding on the platform for your mobile application, make sure to consider the target audience. While the iOS market is more lucrative than the Android market, it is still important to consider the target market when choosing the platform for your app. Developing an app for iOS is more lucrative than developing for Android, but iPhone app developers charge higher than their Android counterparts. Your return on investment will depend largely on how successful your app is.