Mobile applications have made our lives easier and simpler. Today, we have a solution for everything in the form of apps. From food to travel to grocery apps- everything. And beyond can be downloaded from the App Store in no time. It takes a lot of time, energy, and money to build a mobile application. However, an app is genuinely profitable in terms of generating revenue and delivering quality customer services, makes all the difference.
Here is the list of the top 10 most profitable revenue-generating apps to know need to know:
According to research, “Spotify” is the most used application for music. In the year 2018, this app had 75 million paid subscribers. This app is compatible with smartphones and tablets. Spotify provides unlimited music (more than 30 million songs). Also, options in various categories along with uninterrupted music (no-ad music). This app works on the subscription model.
Netflix’s gross profitable revenue is around $184 million. This application is available on the Google app store and iOS app store. With the 4k video streaming feature, it aids people in watching Video on Demand on smartphones, tablets, TVs, laptops. The revenue model of the app is impressive. Because it allows the user to avail of the content for free for a month. To watch the content after one month, the user has to subscribe to this application. A total of 4-6 screens can be shared with a one paid subscription.
Tinder is a dating application that is satisfying the relationship needs of the users. It has generated approximately $238 million in user spending. In the year July 2019, tinder generated $75 million in terms of gross revenue.
It is a dating app for women where they are allowed to make the first move. Bumble comes with an in-app purchase model of pricing, giving its privileged users access to advanced features once the purchase is made.
Heath, Fitness, and Wellness apps
- Couch to 5K
In the year 2019, the gross revenue of Calm mobile application was more than $6.2 million. And surprisingly this made Apple introduce this application in the iOS app store as well. This application is known to motivate people, make them happier within, and relaxes their mind, body, and spirit.
Couch to 5K
This is the first-ever personal fitness trainer app. That provides you insights regarding how much you need to run to stay fit. This mobile fitness application motivates you to stay fit and adopt a healthy lifestyle.
- 8 Ball Pool
- Clash of Clans
8 Ball Pool
This game application generates approximately $959k a month as revenue. According to research, more than 25% of the revenue generated from this application is derived from ads.
Clash of Clans
In the gaming industry, this mobile application tops the chart for generating the highest revenue. Yes, this application works on in-app purchases model. It also gives the users the added advantage of using additional features after the purchase is made. In the year 2018, Clash of Clans generated around $500 million in terms of revenue.
Social Media apps
- Facebook Messenger
This mobile application has approximately 1.3 billion users every month. Messenger is an application available on both Google Play Store and the iOS App Store. It helps the world connect through messages, videos, pictures, audios etc.
There are a plethora of applications when it comes to communicating virtually. However, Whatsapp tops the list. It provides features like live share location, documents, pictures, videos, group chats, etc.
Before building a mobile application, you need to study profitable applications in each category. Also, remember that developing an app and generating revenue from it are two different things.
In a modern world, such trending apps owner earning through an app such as Instagram.