Pollen VC: 4,648 mobile app developers made over $1 million in 2016

Mobile app development seems like a crapshoot, with millions of people trying to create a big hit in the app stores. But that dream is not entirely elusive. Pollen Velocity Capital, which provides financing for mobile app developers and handles user-acquisition campaigns, and mobile app intelligence provider Priori Data found in their research that 4,648 app developers made more than $1 million in 2016.

Of those, 81 percent of the publishers in the Millionaires Index (2,519 developers) were in games. The study found that 1,077 earned more than $1 million from apps that were only on iOS, while 964 made more than $1 million from apps that were only on Google Play. And 2,607 made more than $1 million from apps that were on both platforms. While the odds are pretty low that you’ll be the lucky one that generates $1 million, it does show that the mobile app marketplace is maturing into a platform that provides meaningful revenues to a growing number of emerging publishers, said Martin MacMillan, CEO of Pollen VC.