The one big reason the app store is broken and can’t be fixed 

You can’t save the app store, and neither can Google or Apple.Some would point out that more apps are being downloaded than ever before, which is true. And more still would argue that Apple and Google are paying their developers more than ever before, which is also true.But the people who focus on these metrics miss one key point: The app store is increasingly a place for the 1% of developers, and those who aren’t already at the top have a really hard time getting there.”Apple recently announced that it had cumulatively paid out ~$50 billion to app developers since 2008,” Mark May, analyst at Citi said in a note to clients.”While there are some questions as to how sustainable this growth is given the slowdown in device sales, especially in developed markets, this better-than-expected growth likely bodes well for both app developers and for key players like Apple, Google and Facebook.”In June, Myles Udland, markets correspondent at Business Insider, told you to stop developing your own apps because of the low money-making possibilities, noting that “People already have the apps they want, or they at least are tapped out at using a certain total number of apps, and so with the pie for mobile apps not getting any bigger, the giants of the space are accruing the gains.”No one is downloading new, interesting apps. You get a new phone, download Facebook, Uber, a couple of games, and call it a day. Four of the top five spots in the mobile app store are dominated by Facebook.Those giants of the app store, like Facebook, rake in 94% of total app store revenue, leaving little room for the smaller developers.

Source: The one big reason the app store is broken and can’t be fixed | Business Insider India

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