The sum with six zeros and more is seen in the annual report of 1887 developers around the world. Such data was shared by experts of the Pollen VC venture fund.
We are talking about the total revenue from the App Store and Google Play. According to the head of the company Martin Macmillan (Martin Macmillan), there is a popular opinion that success goes only to a handful of authors of top games. However, this is not the case. Pollen VC figures show that almost 2 thousand developers earn more than a million dollars a year.
The reason for the misconception is that mobile studios take time to achieve profitability, McMillan is sure. “It will take about a year before you have enough money in your bank account to spend it on marketing and reinvestment,” he believes.
The delay of payments from Google and iOS plays an important role here. Developers have to wait up to two months before the money from the new release arrives.
Source: VentureBeat