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Is the app store really valuable ? How often do we read about app store devs becoming millionaires (they don't). Users spend 97% of their time in the top 10 (fr
by cblconfederate 6y ago
Is the app store really valuable ? How often do we read about app store devs becoming millionaires (they don't). Users spend 97% of their time in the top 10 (free) apps from the usual suspects. App development is a dead end business.
Apple is a premium products company and software was (and will be) always cheap so there s no way they will make their usual profit margins on that. They need to keep selling premium stuff, which has to be physical. At best they can add some premium content , but that's it.
- likpok 6y agoThere are thousands or tens of thousands of millionaires produced by those top 10 free apps.
- treis 6y agoIn app purchases are a huge market. This site puts it at $50 billion a year in the US alone: https://techcrunch.com/2020/01/15/app-stores-saw-record-204-billion-app-downloads-in-2019-consumer-spend-of-120-billion/ https://techcrunch.com/2020/01/15/app-stores-saw-record-204-... It's a huge market and Apple takes a 30% cut of that for not doing too much. The margins have to be bonkers.
- deleted 6y ago[deleted]
- cblconfederate 6y agoThat's 15B for apple, but there's not a lot of room for growth. Plus it doesnt seem apple has a big moat there, all big publishers are looking for ways to bypass them or just sue them. It doesn't seem like apple has a healthy relationship with devs, hence their heavihanded practices.