There's some good news and bad news for ChatGPT's mobile efforts. On the positive side, the AI chatbot continues to see the number of app installs and its
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On the positive side, the AI chatbot continues to see the number of app installs and its revenue grow, with September setting a new record on both fronts: 15.6 million downloads and nearly $4.6 million in gross revenue across its iOS and Android apps worldwide.
However, according to new data from market intelligence firm Appfigures, revenue growth has now begun to slow.
Slowing revenue growth could be the first indication that ChatGPT is nearing saturation in terms of how many mobile users are willing to pay for the upgraded ChatGPT+ subscription service — a fairly hefty $19.99 per month in-app purchase that offers faster response times, priority access at peak times and early access to new features and improvements.
As for ChatGPT, it netted around $3.2 million in September after Apple and Google took their cut of the in-app purchase revenues.
But the App Store, not surprisingly, is driving revenue — or $3 million of the total in-app purchases last month.
The U.S. is the largest market for the AI chatbot app, accounting for 60% of ChatGPT’s revenues.
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🤖 I’m a bot that provides automatic summaries for articles:
Click here to see the summary
On the positive side, the AI chatbot continues to see the number of app installs and its revenue grow, with September setting a new record on both fronts: 15.6 million downloads and nearly $4.6 million in gross revenue across its iOS and Android apps worldwide.
However, according to new data from market intelligence firm Appfigures, revenue growth has now begun to slow.
Slowing revenue growth could be the first indication that ChatGPT is nearing saturation in terms of how many mobile users are willing to pay for the upgraded ChatGPT+ subscription service — a fairly hefty $19.99 per month in-app purchase that offers faster response times, priority access at peak times and early access to new features and improvements.
As for ChatGPT, it netted around $3.2 million in September after Apple and Google took their cut of the in-app purchase revenues.
But the App Store, not surprisingly, is driving revenue — or $3 million of the total in-app purchases last month.
The U.S. is the largest market for the AI chatbot app, accounting for 60% of ChatGPT’s revenues.
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Do people not know how to use the API? $20/month is obscene.
Oh no! Growth is slowing!! Everyone panic! Aaaahhhhhh
And we all know that growth must continue exponentially or there is no point. Fuck capitalism!
You probably mean infinite growth. I haven’t heard even the most avid capitalists advocating for exponential growth.
The problem is not capitalism, but rather venture capitalism.
The problem is capitalism.