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Mobile app developers’ chances of success are an estimated 0.01%

15
Jan
2014

Are you a mobile app developer who dreams of instant overnight Snapchat-like riches? Well, you should probably find a more realistic dream because new research from Gartner predicts that you’re not likely to be financially successful. In fact, Gartner projects that by 2018, less than 0.01% of consumer mobile apps will be considered financial successes by their own developers, which means app developers should probably hold off on their plans to buy that beautiful house in Palo Alto until they actually start generating consistent revenue streams. “The vast number of mobile apps may imply that mobile is a new revenue stream that will bring riches to many,” explains Gartner analyst Ken Dulaney. “However, our analysis shows that most mobile applications

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