IPhone App

How Much Money Do IPhone Apps Make? (2024)

Pat Walls

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Updated: June 23rd, 2024

TL;DR:

Based on our data, iPhone apps can make between $150-$2,000,000 per month.
The average revenue for a successful iPhone app is $238K per month.
The highest grossing iPhone app in our records makes over $24,000,000 per year.
Iphone app owners salaries can vary wildly depending on industry, niche, and size of the business

So you're thinking about starting an iPhone app?

And now you're wondering how much iPhone app owners actually make...

Well, let’s dive in!

Here are example of real iPhone apps and how much money they make - as reported by the founders themselves:

1. EarBuds ($24M/year)

Jason Fox, former NFL player, came up with the idea for EarBuds after watching players like Cam Newton jamming out with their headphones on during warm-ups. He wanted to create a way for people to listen to music together in real-time, bridging the gap between different music platforms. With a focus on making music social, EarBuds allows users to connect, interact, and share playlists, creating a shared music experience.

How much money it makes: $24M/year

2. Meister ($12M/year)

Michael Hollauf, one of the founders of Meister, came up with the idea for their apps MindMeister and MeisterTask after realizing the limitations of existing collaborative tools like Google Docs and MindManager. Combining the collaborative features of Google Docs with the brainstorming capabilities of MindManager, they created MindMeister, the biggest online mind mapping app with over 11 million users. They bootstrapped the company initially, but later received a small angel investment of $600K to accelerate development.

How much money it makes: $12M/year

3. BACH ($6M/year)

Mike Petrakis, the Co-Founder and CEO of BACH, came up with the idea for the app when his lead investor presented it to him. After building successful e-commerce businesses and experiencing viral growth with a waitlist, Petrakis knew he was onto something big and decided to launch BACH, which has now grown to over $1M in net revenue and 40,000+ parties using the app.

How much money it makes: $6M/year

4. Wolfpack Digital ($3.6M/year)

Gina, the founder of Wolfpack Digital, came up with the idea for her app development agency after realizing the lack of soft skills and business strategy in the tech ecosystem in Romania. With a diverse background in engineering, psychology, and business, Gina was able to bring together her interests and tap into the impressive tech talent pool in her hometown of Cluj. Since launching in 2015, Wolfpack Digital has experienced impressive growth, reaching a yearly revenue of over $1.5 million.

How much money it makes: $3.6M/year

5. Astropad ($2.4M/year)

Astropad, founded by Matt Ronge and Giovanni Donelli, has experienced significant growth since its launch in 2013. With a team of 16 people across 5 countries, Astropad generated $3.4 million in revenue last year. Their products, Astropad Studio and Luna Display, are widely used by creative professionals and renowned companies such as Pixar, DC Comics, and Nintendo.

How much money it makes: $2.4M/year

6. Labor Sync ($2.22M/year)

Dean Logan, the co-founder and CEO of Labor Sync, came up with the idea for his business after struggling to keep track of his employees' time and losing money due to mismanagement. Realizing that other business owners with mobile workforces likely faced the same issues, Logan partnered with his father and IT guru Joe Burger to develop Labor Sync, an employee time and GPS tracking app. After saving $104,000 in just one year with the app, Logan knew he had a successful product on his hands.

How much money it makes: $2.22M/year

7. SteelKiwi ($1.8M/year)

Steelkiwi, a Ukrainian outsourcing company for web and mobile app development, was founded by Anton Baterikov and another individual in 2011. They noticed a gap in the market for offering businesses an alternative to PHP development and decided to provide high-quality products using Python. Today, Steelkiwi has expanded its expertise and works with businesses in various industries, with over 80 employees helping clients grow digitally.

How much money it makes: $1.8M/year

8. Qolty ($1.2M/year)

Shuhan He, the founder of Conduct Science, came up with the idea for Qolty after witnessing the time-consuming process of patients filling out surveys on their behavior and knee pain after surgery. He realized the need for a digital solution that could provide real-time data to doctors, leading to the creation of Qolty's digital software that tracks general health and patient symptoms. With the support of scientific research and a focus on standardizing patient data collection, Qolty has successfully empowered doctors and researchers in monitoring patient treatments.

How much money it makes: $1.2M/year

9. The Jed Mahonis Group ($960K/year)

Tim Bornholdt, co-founder of The Jed Mahonis Group, came up with the idea to start a custom iOS and Android app development consultancy after realizing the potential of the App Store. With a passion for technology and a friend who believed in the business, they started the company with just $250 each and have since grown it into a nearly seven-figure a year agency working with clients such as Great Clips and Profile by Sanford Health.

How much money it makes: $960K/year

10. OnlinePianist ($840K/year)

Nimrod, CEO & co-founder of OnlinePianist, came up with the idea after experiencing a personal crisis and deciding to pursue his dreams. He wanted to play his favorite songs on the piano and found that traditional video tutorials were limited, leading him to create an interactive app with animation and additional features. Through creative marketing strategies, such as releasing video tutorials on YouTube before the official release of popular songs, OnlinePianist was able to attract highly targeted traffic and retain customers.

How much money it makes: $840K/year