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Nope, better chance of winning the lotto 08/Jul/2018
The cost to promote the app 99% of the time out ways the money made on the app by a heap. Otherwise you have created something that will never be seen, doesn't matter how good it is...
True I was lucky to make $20 after 9 months of trying to promote it myself. All that time and effort down the drain..
No success here
I had 20 or so people saying my apps sucked before i even had any downloads activity. In the end my app got 3 downloads and so sales. The whole idea was a waste time and effort.
The Short and Sweet
Gone are the days of making millions off of a fart app. The App Store has matured and is extremely competitive. As an independent app developer, you can expect to make $5,000 (per app) annually, at best. You can benefit from this information if you can manage to make many polished, niche apps that generate small amounts of income. It'll add up, and before you know it, you'll have a solid passive income
Mere availability of free apps. In my opinion, the biggest reason people find it difficult to pay for apps is because free apps exist. Not necessarily good free alternatives, just apps that are free. As observed by cognitive psychologists such as Dan Ariely, people disproportionately value things that are free and select them over paid things in 'irrational' ways
Apps are intangible, they have no minimum price and exist in a massively competitive space that constantly undercuts itself, and you can easily get comparable apps for free.