There's no money to be made in the app store, for the most part. OTOH, there's plenty to be made in monthly service revenue (and 30% of it isn't taken by apple in most cases).
The money thing is more a power law thing. There is DEFINITELY money to be made in the app store (I worked on an app that made a billion in revenue in seven months from a product with only twelve engineers directly working on it) but it’s almost all going to the winners in a specific category.
Can you share the space your app was in out of curiosity?
Pokemon GO, it’s a game.
>>> I worked on an app that made a billion in revenue in seven months from a product with only twelve engineers directly working on it
uh? Can you indicate what? How many other apps have similar penetration?
He's mentioned working on Pokemon Go before, so I'd guess that.