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New report reveals lack of profit for majority of subscription-based mobile apps

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The “State of Subscription Apps” report offers a bird’s-eye view into the subscription app universe, as RevenueCat has nearly 30,000 apps using its platform’s tools to manage their monetization. Outside of Apple and Google, that makes RevenueCat the largest collection of subscription app developers on one platform. For instance, 59% of the apps that reach $1,000 will go on to reach $2,500 and 60% of the apps that reach $2,500 will make it to $5,000. The report highlights other aspects of the race to subscription app monetization, as well, including that North America-based apps have 4x the monetization of the global average. The larger report gets into more specifics that will be useful to subscription app developers, including details about subscription packages, pricing, trial strategies, conversion, refund rates, retention, growth, and more.

Unveiling Apple Music’s New Monthly Edition of Replay.

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Apple Music just debuted a monthly version of its Replay experience, Apple’s yearly recap that shows users their top songs, artists, albums and more. Starting today, users can now see their monthly music habits, giving them additional access to their listening insights. In addition to top tracks, subscribers can see their monthly listening time and Apple Music will even tell them when they reached a certain milestone, like the total minutes played. There’s also an option to share Replay insights with family and friends, as well as revisit monthly and yearly stats in Apple Music’s archive. Additionally, Apple’s Replay Mix playlist for 2024 is available today in the Apple Music app.

“Breaking Records: PadSplit’s Affordable Shared Housing Market Surpasses 10K+ Units”

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“The largest portion of anyone’s income almost always goes toward housing costs,” founder and CEO Atticus LeBlanc told TechCrunch. “And if you look around, you know that housing costs are skyrocketing, as much as 40% in some markets. Most notably, active members have saved $2.6 million monthly and around $47.4 million in total savings generated. “The life-changing results speak for themselves… These incredible results have led PadSplit residents to purchase their own vehicles, traditional apartments, launch their own companies and buy their own homes,” added LeBlanc. PadSplit, meanwhile, reports that the average monthly cost to live in one of its units is $729.

Decrease of 25% in Monthly Crypto Developers for 2023

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The total number of monthly active crypto developers fell 25% year-over-year in 2023, but those who have been in the space long-term showed more resilience than before, according to a new developer report by Electric Capital. Developers with more than two years of experience in crypto are at an all-time high after reaching 51% annualized growth over the past five years, according to the report. And developers who have been in crypto for at least one year grew 15% year-over-year and comprise 63% of all monthly active developers. When you see devs stick around decorrelated from prices, there’s something fundamentally here that keeps them in the space.”The number of developers working in crypto has matched what Shen has experienced since entering the space in 2018. “Newcomers are very correlated with prices,” Shen said.