Apple Thoughts: Money Can Be Made on the App Store

"Apple's iPhone application store is as crowded as a Beyonce concert, with more than 20,000 apps available. But one independent developer still managed to rake in $600,000 in a single month with a single iPhone game. Ethan Nicholas, developer of a tank artillery game called iShoot, told Wired.com he quit his job the day his app rose to No. 1 in the App Store, earning him $37,000 in a single day. "I'm not going to be a millionaire in the next month, but I'd be shocked if it didn't happen at the end of the year," he said in a phone interview. "If it weren't for taxes I would be a millionaire right now.""

Money can be made in the App Store. Bottom line. I know that it's all in vogue today to rail against the evil app store and how hard it is to make money there, and I know lots of developers who can't sell their apps for $60 and survive are all upset, but the reality is money is there to be made.