this post was submitted on 08 Jun 2023
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How much were these apps making in revenue? Curious how bad the gap is with the API pricing.
If I read it correctly Christian(Apollo Dev) made ~$500.000 for this year by having 50.000 people get the $10 subscription. The problem is that now, since on the 6th month of the year he is forced to shut it down, he has to refund these people for the rest of the money(so ~$250.000).
From what I understand though, the problem is that Reddit doesn't want to lose revenue from 3rd party apps avoiding adds, so in this section, from Christian's own recording(which is legal in Canada) he mentions that Apollo is costing $20m/year and that's what Reddit is after.
Wouldn’t Apple have taken 30% of that though?
I believe that is correct; i.e., the $500k is gross, not net. It doesn't account for his other expenses, either.
So even if his other costs were half what Apple takes, it’s about 1/10 of what the api would cost him. Dang.