InstantShift and Wix recently released an infographic that determines how many apps the average developer needs to sell to make 7-figures.
Based on the average app price in Apple’s store ($2.45*) and the cut of sales a developer receives (70%), here’s the exact formula needed to become a millionaire:
2.45 x 0.7 x 581,395 apps sold = $1,000,000 (almost).
Note: This is a theoretical excercise since you can’t actually sell an app in Apple’s store for $2.45. Instead, it’d have to cost $.99, $1.99, etc.
Not sure if your app idea is worth millions? Then you should probably take this quiz.
Or, if you’re money hungry, check out how to get rich in 6 easy steps.
Here’s InstantShift’s infographic, below.
Photo: InstantShift and Wix.com
NOW WATCH: Ideas videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.