If you love making mobile apps, then we have great news for you: You’re in an industry that has become one of the largest wealth creators in the world—which means more opportunities for you to make some serious money doing what you love. We broke down the numbers in our “Mobile Mints Money” infographic (which you can download here), but the gist is this: Whether you’re an industry giant or small app publisher, mobile makes money.
As you may have heard, mobile is kind of a big deal.
There’s a reason why every year has been dubbed “The Year of Mobile” since the iPhone was introduced in 2007. It’s because we’re using mobile more and more, for everything from social networking, gaming and video entertainment to controlling our smart homes and monitoring our health.
And the more we use mobile, the more money is spent on app subscriptions, in-app purchases, and mobile ad spending. In fact, according to AppAnnie, the mobile industry is forecasted to contribute $4.3 trillion (yes, TRILLION) to global GDP.
And this is just the beginning for the mobile app industry.
We know it’s crazy to think about, but mobile - as we know it today - has only been around for 15 years. The industry is still in the early stages and there’s a long, lucrative road ahead, creating more money-making opportunities for app developers and publishers. Currently, forecasts are encouraging and impressive, with Sensor Tower predicting that Global Apple App store user spending will hit $185 billion by 2025. (Mind-blowing, right?)
Okay, but what if you’re not a mobile industry giant?
Then that’s not a problem. See, the beauty of the mobile app industry is that it’s big enough for everyone. People love apps—especially the apps that capture their interests, whether that’s gaming, health, fintech, or even just apps that make life easier. So if you create an app you would enjoy using, that means other people would enjoy it too. You just found yourself a market! Congrats!
And if you’re still not convinced that there’s a way to make money for yourself in the mobile app market, just remember this: In 2020, AppAnnie reported that 25% more publishers earned over $2 million per year. That’s another key sign the industry is growing—and demand is high for apps like the ones you love to create.
But we’re not gonna lie — there are challenges.
Yes, you can still make money as a small app developer. But it’s a tough market and the big dogs do have an upper hand, which is why we started Loyal Foundry: to acquire quality mobile app publishers and help them thrive.
Our goal is to build a community of people who love building apps and provide the resources, monetization expertise, and support system to help them grow in the global market—resulting in more opportunities for those same publishers to create more apps (aka, doing what you love).
Bottom Line: The mobile app market has unlimited potential and shows no signs of slowing down. And if you’re someone who loves creating apps, then the possibilities are endless.
Want to learn more about partnering with Loyal Foundry? Contact our team today.