Most developers will tell you that getting rich quickly through an iPhone App is the exception, but the stories of those who do continue to inspire many. Newsweek profiles some of the biggest winners of the App Store at this early stage.
Ge Wang is the developer behind Smule who has created a number of $0.99 applications, the most popular of which is Ocarina, a virtual musical wind instrument (video). Ocarina has seen over 400,000 downloads in less than a month and remains in the Top 10 Paid iPhone Apps. Wang expects his company to pull in close to $1 million this year.
Pangea Software is another company that has been able to find huge success on the App Store. As a long time Mac developer, Pangea was able to leverage several of their existing titles into popular iPhone Apps. Games such as Cro-Mag Rally and Enigmo will help Pangea generate $5 million in revenue this year. Pangea's Brian Greenstone notes that in the past four and a half months, Pangea's iPhone apps have generated more income than retail sales of all of Pangea's apps for the Mac for the past 21 years combined. It's no surprise that Pangea has given up writing Mac games and will focus entirely on the iPhone from now on. Greenstone claims this sort of success is within anyone's reach:
"Some kid in his bedroom can literally make a million bucks just by writing a little app," Greenstone says.
