Assessment of App Store economics
This article is one of the better “back of the envelope” App Store scare stories. It is sad that most apps cannot turn a profit, but what if you left out all the obvious garbage, spammy, just plain bad apps? I think the outlook for good apps isn’t nearly this bad.
The estimate of $15,000 to develop an app sounds about right. It’s what I would charge for one month of full time development. However all my apps but one were written by me, for myself, in two weeks with no real money spent.