A regularly-cited statistic is that the Apple App Store makes two times as a lot cash because the Google Play Store, even if the Play Store is a ways greater and caters to way more consumers.
According to an analysis report from Sensor Tower, Apple’s App Store has produced 164 millionaire developers in 2018. The analytics firm which focuses on Apple and Google digital storefronts also said that the Play store only had about half as many new developers that reached $1 million in revenue this year.
Since Apple takes a 30-percent cut, Cupertino raked in well over than $50 million from the newly minted millionaires alone. According to the company’s recent press release regarding its expansion into Austin, Texas, the App Store is responsible for creating more than 1.5 million jobs in the US. Most of those are independent app developers.
Sensor Tower’s analysis also indicated that the industry is continuing to see significant growth.
“The number of publishers with their first $1 million or greater year on the U.S. App Store grew by approximately 15 percent over 2017, when we found that 143 achieved this milestone,” the report reads.