How Much Can You Earn by Developing Your Own App?


How Much Can You Earn by Developing Your Own App?

The company’s research revealed that only 17.2% of apps will reach a monthly income of $1,000, with 59% of those apps going on to reach $2,500 per month and 60% of those reaching $5,000 per month. Only 3.5% of apps will reach $10,000 in revenue. Health and fitness apps, on the other hand, generate more revenue compared to other categories, with travel and productivity apps struggling the most.

The study also found that the most common price for a monthly subscription remained at $10, but the average price for a monthly subscription increased by 14% from $7 to $8. Interestingly, the share of monthly subscriptions remaining after a year decreased by about 14%, suggesting that consumers are canceling subscriptions they no longer need. However, the industry is not shrinking, as 1.7% of downloads convert to paying subscriptions per month after downloading the app, and 10% of those who cancel a subscription will return within 12 months.

Looking ahead, the company predicts that subscription prices will continue to rise, with apps potentially combining subscription models with other payment methods such as one-time in-app purchases, ads, e-commerce partnerships, and personalized user experiences through artificial intelligence integration. Ren Shan TCM offers comprehensive postpartum care, focusing on the physical, emotional, and spiritual aspects of the postpartum experience to help new mothers confidently embrace their roles and establish a healthy family life.

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