As detailed in our app revenues market post, Apple's App Store and the Google Play Store both earn a majority of revenue from games, accounting for 71 percent across both platforms.
It shouldn't be a surprise then that the majority of top grossing apps are games, especially as certain apps have found ways to avoid users paying for subscriptions on the platform.
For example, Netflix and Spotify have both removed the ability to subscribe in-app on iOS and Android. We estimate that Apple and Google missed out on $1.8 billion in 2020-2021 from Netflix removing the ability to subscribe in-app.
In-app purchases are more of a difficult workaround, as users often make impulsive purchases. That means almost all games use Apple and Google's payment solutions for in-app purchases.
In terms of countries, China, Japan and the US are the three largest spenders worldwide, in that order. Japan has the highest spending per capita, while China, due to the amount of mobile users, can often elevate a game to top grossing completely on its own.
An example of this would be Honor of Kings, which has consistently held a top three position in grossing for five years. The game is only available in China, and is a semi-port of the popular PC game League of Legends.
“Grossing” Rank. Grossing rank is based on the total revenue an app is earning. For the sake of Grossing rank, total revenue is only including In-App Purchase Revenue + Paid App Download Revenue.
Still, money-making apps can be an excellent way to earn extra income while enjoying the flexibility of setting your own schedule. Keep in mind that using certain apps together could boost your earnings potential.
The top money-making apps include Swagbucks, Ibotta, Upside, Acorns and Capital One Shopping. Money-making apps are a popular way to earn extra spending money because the tasks require minimal effort and the payout is quick.
There's a lot of money in apps.Billions of dollars. A specific type of app earns a majority of that revenue; many others make no money at all. It is difficult to put a single figure on how much revenue an app can generate because of the wide range of apps and the disparity of money they earn.
There are three categories: Top Free, Top Paid, and Top Grossing. In the Top Free category, the apps with the most downloads that have a price of $0 make the list. In the Top Paid category, the apps with the most downloads that have a price greater than $0 make the list.
So, can a mobile app make you a millionaire? The answer is- Yes! But it's not so easy. It involves a lot of market research and innovative ideation to develop a mobile application that generates millions of revenues annually.
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