Home News ChatGPT’s mobile app hit record $4.58M in revenue last month, but growth is slowing

ChatGPT’s mobile app hit record $4.58M in revenue last month, but growth is slowing

by WeeklyAINews
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There’s some excellent news and unhealthy information for ChatGPT’s cellular efforts. On the optimistic aspect, the AI chatbot continues to see the variety of app installs and its income develop, with September setting a brand new file on each fronts: 15.6 million downloads and practically $4.6 million in gross income throughout its iOS and Android apps worldwide. Nonetheless, in keeping with new information from market intelligence agency Appfigures, income development has now begun to gradual. Whereas over the previous couple of months, income development was topping 30% — 31% in July and 39% in August — that dropped to twenty% development as of September.

Slowing income development could possibly be the primary indication that ChatGPT is nearing saturation when it comes to what number of cellular customers are prepared to pay for the upgraded ChatGPT+ subscription service — a reasonably hefty $19.99 per 30 days in-app buy that provides quicker response occasions, precedence entry at peak occasions and early entry to new options and enhancements. The subscription has offered nicely to this point, as ChatGPT on cellular introduced in gross revenues of $2.1 million in June, rising to $2.74 million in July, then $3.81 million in August, and now, the most recent file, $4.58 million in September.

Surprisingly, nonetheless, ChatGPT isn’t the biggest AI app by income. A competitor known as Ask AI is making extra because of heavy advert spending, rising from $6.48 million in Could, when ChatGPT cellular launched, to a peak of $6.55 million in August, Appfigures’ information signifies. It dropped barely in September, right down to $5.51 million — however that’s nonetheless bigger than ChatGPT. Different rivals like Genie and AI Chat Smith haven’t grown as large as Ask AI.

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Internet income could also be a special story, given Ask AI’s advert spend, after all. As for ChatGPT, it netted round $3.2 million in September after Apple and Google took their reduce of the in-app buy revenues.

Along with its income file, ChatGPT noticed 15.6 million installs in September, bringing its lifetime whole to 52.2 million, Appfigures estimates. Google Play is driving the downloads, accounting for 9 million in September whereas the App Retailer accounted for the opposite 6.6 million.

However the App Retailer, not surprisingly, is driving income — or $3 million of the whole in-app purchases final month. The U.S. is the biggest marketplace for the AI chatbot app, accounting for 60% of ChatGPT’s revenues.

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