Anyone can come up with an app idea. With so many mobile applications available on the App Store and Google Play Store, it seems like everyone is putting those ideas to use.
 

But how many of those apps are actually making money?
Let us show you the actual stats as per Statista to understand the app revenue rate from 2014 to 2023. According to the stats, it is predicted that there will be an average of 935 U.S.D app revenue statistics from in-app purchases and ads by 2023.
Now only this, for an e-commerce idea, the mobile app is a great idea due to its wide platform at the national and global levels.
Here is the data showing the e-commerce market status to understand it in a better way
 
For an eCommerce app, there is a lot of scope to grow and earn money while taking it to the level of Amazon (that is not easy at all).


Apart from this, these apps don’t charge their customers to download the app. Even the number of downloads of the free app is far more than that of paid apps.

Now, imagine the revenue-free apps can generate. Here is the data showcasing the downloads of free and paid apps over the last few years to understand the highest-earning apps. 


Popular app categories :

What are the Most Popular App Categories?

Before app development begins in earnest, you should understand which types of apps are the most popular with users. 

• Entertainment 
• Social Media
• Gaming
• Dating 
• Health
Top money -making apps :

Let us get down to the top money-making apps and their categories that are generating revenue.

  • Netflix
  • Spotify
  • TikTok
  • Facebook 
  • amazon
Netflix
     
        Most people don’t associate Netflix with a mobile app. However, up until 2018, when Netflix stopped selling subscriptions through the App Store and Google Play Store, Netflix was by far the highest-grossing mobile app in terms of profits. Netflix is by far the most profitable mobile app of all time.
 

The company consistently generates billions of dollars in revenue every quarter through its subscription service. The COVID-19 pandemic has only made the app more profitable, and by pulling subscriptions from the various app stores, Netflix saves itself hundreds of millions of dollars in fees every year. Apple charges a 30 percent fee on all app purchases/subscriptions. This is why you see a number of large subscription services like Netflix, Spotify, and HBO pulling their subscriptions from the App Store. This entertainment app continues to be the gold standard when it comes to profitable mobile apps.
Spotify

        This entertainment app changed the entire music industry. Spotify generates its gargantuan revenue in the same manner that Netflix does through a paid subscription. 

The interesting thing about Spotify is that they also offer a free version of their service, which includes advertisements, so they are able to gain additional ad revenue. This mobile app also pulled its subscriptions from the App Store and Google Play Store too in an effort to maximize profits.
 
TikTok
 
    This is one of the newest social media apps to hit the market, but in a short amount of time, it has become extremely popular with users around the world. Like most of the major social media players, TikTok primarily generates revenue through advertising. However, TikTok also utilizes in-app purchases like a lot of mobile games.

While in-app purchases are not nearly as lucrative as advertising, they still provide an additional revenue stream for the social media app.
Facebook
It is impossible to mention social media apps and not talk about Facebook. What can’t this app do? Not only is Facebook the largest social network in the world, but it also offers a marketplace for people and businesses to sell goods and services, a live streaming platform, and much more.
Facebook also owns popular social media app Instagram and messaging app WhatsApp. Facebook primarily makes money by selling advertising, but there are a number of other services that Facebook has monetized in order to diversify its revenue streams. This is the most ubiquitous social media app in the world. Facebook has more than two billion users globally, and it continues to grow.

Amazon
 
  Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands.

Final Review :

There is a lot of profit potential in mobile apps. The most profitable mobile apps are the ones that provide a great service, entertain users, and have multiple transaction options for users to choose from. Entertainment is not only popular but profitable. Gaming apps are a form of entertainment that offers developers a number of chances to monetize their creations

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