ChatGPT continues to evolve with time and now we can confirm that the app is one of the most successful platforms to date.
In terms of growth, the platform has become one of the quickest-growing platforms on mobile devices to date. Since the start of January this year, revenue has almost tripled in value. To be more specific, figures for revenue went above and beyond the $31M net revenue mark from both Apple’s and Google’s App Stores. This is what the company keeps after the former and latter’s shares are deducted.
In the previous month, the platform was hailed for its revenue that jumped to $1 million each day. Clearly, it’s come a long way from where it once started and that means it’s considered to be a part of another domain of successful platforms.
Since the middle of last month, we saw estimates for ChatGPT’s revenue hit $1 million every single, except for maybe three. And we agree that this is not something new for the platform, it just experienced a couple of those in July before experiencing dipping spells that lasted weeks. We did not see that before.
The growth pattern for ChatGPT has been great since the start of its release last year in May. things went full-blown starting this April when it evolved with another new model GPT-4o. As a result, revenue went up 40% to hit $20 million in just one month. Growth started to slow down but this went on and within just a couple of months, it again rose 50%.
Most of the revenue is coming thanks to iOS users as downloads across the App Store continue to soar. To be more specific, it was responsible for 81% of all revenue shares which was equivalent to $26 million.
The US continues to be the app’s leading market for global revenue but we cannot ignore six other nations that are adding close to $1 million and two of those grew in figures by double digits last month.
ChatGPT’s growth is not something small but experts predict that it’s a major part of a huge trend. Today, revenue generated from AI platforms continues to soar and is not just limited to a few names.
Today, when you search, you’ll see so many apps featuring the term AI in its name which make anywhere between $1000 to $50,000 every month. To be exact, it’s 952 and the average revenue generated from them is $11,000 as per stats taken from App Intelligence.
ChatGPT continues to enter a new era for platforms. In terms of new projects, the question is not linked to if more AI apps should be created. Instead, it’s an affirmation that AI is the way to go and many options exist in terms of success. So what are you waiting for?
Image: Appfigures.
Read next: TikTok Tops August Revenue Charts While Instagram Bucks Downward Trend in Downloads
In terms of growth, the platform has become one of the quickest-growing platforms on mobile devices to date. Since the start of January this year, revenue has almost tripled in value. To be more specific, figures for revenue went above and beyond the $31M net revenue mark from both Apple’s and Google’s App Stores. This is what the company keeps after the former and latter’s shares are deducted.
In the previous month, the platform was hailed for its revenue that jumped to $1 million each day. Clearly, it’s come a long way from where it once started and that means it’s considered to be a part of another domain of successful platforms.
Since the middle of last month, we saw estimates for ChatGPT’s revenue hit $1 million every single, except for maybe three. And we agree that this is not something new for the platform, it just experienced a couple of those in July before experiencing dipping spells that lasted weeks. We did not see that before.
The growth pattern for ChatGPT has been great since the start of its release last year in May. things went full-blown starting this April when it evolved with another new model GPT-4o. As a result, revenue went up 40% to hit $20 million in just one month. Growth started to slow down but this went on and within just a couple of months, it again rose 50%.
Most of the revenue is coming thanks to iOS users as downloads across the App Store continue to soar. To be more specific, it was responsible for 81% of all revenue shares which was equivalent to $26 million.
The US continues to be the app’s leading market for global revenue but we cannot ignore six other nations that are adding close to $1 million and two of those grew in figures by double digits last month.
ChatGPT’s growth is not something small but experts predict that it’s a major part of a huge trend. Today, revenue generated from AI platforms continues to soar and is not just limited to a few names.
Today, when you search, you’ll see so many apps featuring the term AI in its name which make anywhere between $1000 to $50,000 every month. To be exact, it’s 952 and the average revenue generated from them is $11,000 as per stats taken from App Intelligence.
ChatGPT continues to enter a new era for platforms. In terms of new projects, the question is not linked to if more AI apps should be created. Instead, it’s an affirmation that AI is the way to go and many options exist in terms of success. So what are you waiting for?
Read next: TikTok Tops August Revenue Charts While Instagram Bucks Downward Trend in Downloads
