According to the Cupertino-based tech giant, App Store developers have pocketed $120 billion in total since July 2008, when the App Store went live. An impressive $30 billion was distributed to developers in the last 12 months alone.
Now it’s a pretty good – and profitable – time to be an app developer! App Store developers’ revenue grew to $34 billion last year, up 28 percent from 2017’s $26.5 billion. On New Year’s Day, a record was set for a single-day App Store revenue of more than $322 million. For comparison, the 2016/2017 revenue growth stood at 30 percent. As a reminder, Apple charges developers a 30 percent cut on app and game purchases, and a 15 percent cut on subscriptions. Thus, it’s no wonder Services (which includes App Store revenue) has become an increasingly important business for Apple in a time when its hardware sales (iPhone, Mac) have slowed down.
iOS and Android developers’ revenue
On average, iOS developers in San Francisco make $126,000 annually, while Android developers squeak by on an average of about $95,000 nationwide. Although Google’s marketplace enjoyed a 27.3 percent rise in gross app revenue in 2018 versus 2017, iOS remains the most lucrative platform for developers by far. Last year, the App Store raked in almost twice as much revenue as Google Play, despite significantly fewer downloads. That’s mostly due to the fact that iOS users are more willing to pay for app downloads. On Android, where downloading and installing pirated apps and games is significantly easier than on Apple’s ecosystem, most developers tend to make their titles available for free.
Over 100 billion app downloads in 2018
According to SensorTower estimates, mobile apps attracted more than 100 billion downloads in 2018. Of those, 75.7 billion came from Android, while the App Store saw 29.6 billion downloads. Worldwide Play Store revenue reached approximately $24.8 billion last year, up from $19.5 billion in 2017. App Store revenue was very nearly twice as much, rising to $46.6 billion from $38.7 billion. Gross revenue from games reached $21.5 billion for the Play Store, up from $17.3 billion, while on iOS it reached $33.2 billion, up from $30.1 billion.
Moneymailme, UK’s Best Social Payments App in 2017
A free download from the App Store and Google Play, Moneymailme has revolutionized the way we chat with our friends, family members or colleagues and how we transfer money. Moneymailme users from all over the world agree on one thing: this innovative app stands out thanks to the easiness of sending and receiving money while chatting with their loved ones – including during a video call, a world first – its smartly designed, user-friendly interface and high levels of security. Moneymailme is the first chat app with the ability to complete a money transfer internationally. Available free both for iOS and Android users, Moneymailme enables users to chat, video chat and transfer funds with the highest security levels on the market today, with double layer encryption.
Highest-level security, round the clock
Our specialized teams of banking security experts and programmers have designed the security protection of the app at the highest level, introducing the latest security protocols and levels of encryption: three-factor authentication, SSL 256-bit encryption, device validation and constant monitoring of every transaction. No matter if you are sending, receiving or withdrawing money, you can check your transactions in the system with a few clicks at any given time.
Make someone’s life better with Charitable Causes
With Moneymailme we are trying to bring people closer. Introducing Charitable Causes was the natural step forward in helping people reach people. For the first time, you can use a social app not just for your own benefit, but also to help others. Through our partnerships with various foundations and charities around the world, you always have an updated version of the causes, by categories, with all the details needed. You can donate in real time, with 0 cost (no fees are taken by us when you donate), and help make a difference! In partnering with GlobalGiving UK, Moneymailme extends its online service for users beyond the personal movement of cash and into the realm of helping and providing.