|Developer Name||Stuart Hall|
|App Name||7 Minute Workout|
|App Niche||Health and Fitness|
|App Description||Workout Coach|
|Revenue (per month)||3,000|
|Total Revenue (in US$)||72,000|
|No. of people||1|
|Reason for success||Picked up a trend, Apple feature|
The mobile app market is huge and growing at a phenomenal pace.
In 2016, the total revenue from the app store stood at $61 billion and is expected to more than double to $139 billion in the next 5 years.
The total number of apps have also grown in proportion with the revenue. From a modest 400,000 in 2010, to a staggering 5 billion apps (including both Google and Apple App Store) in 2017.
Number of apps available – Google Play Store (on left) and Apple App Store (on right)
In fact, 1600 new apps are being introduced to the app store every single day. Gone are the days when you can just launch an emoji or fake farting app and expect to get a million downloads. Continue reading