To those who think 60% is low: how many apps of the 100,000+ in the App Store were made by a small team of maybe 3 or fewer people? How much could their development costs be? A few thousand? Certainly modest apps can be developed for less than $100,000 (substantially less in most cases). I'd believe that most (say, oh 60%) of these apps can attract a few thousand customers to pay the $0.99 for their app.
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To those who think 60% is low: how many apps of the 100,000+ in the App Store were made by a small team of maybe 3 or fewer people? How much could their development costs be? A few thousand? Certainly modest apps can be developed for less than $100,000 (substantially less in most cases). I'd believe that most (say, oh 60%) of these apps can attract a few thousand customers to pay the $0.99 for their app.