Building an App? Don't Expect to Get Rich, Says Report
Think developing the perfect app idea will lead to early retirement? Think again, says a report by research and advisory firm Gartner.
While Apple recently boasted of the $10 billion in apps sold via its store this past year, very few individual developers earn a big payout from apps. Less than 0.01 percent of consumer mobile apps will prove a financial hit for their developers through 2018, a Gartner analysis found.
About 90 percent of paid apps are earning less than $1,250 a day, the firm said.
Gartner pointed to the popularity of free apps as one factor in limiting the financial success of app developers.
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