In this year’s annual event, Apple announced that the company had paid out $70 Billion to developers in the App Store’s lifetime and that $21 Billion of the amount was paid in the last year alone.
But has all this money gone to the legitimate app developers?
Probably not, as app developer Johnny Lin last week analyzed the Apple’s App Store and discovered that most of the trending apps on the app store are completely fake and are earning their makers hundreds of thousands of dollars through in-app purchases and subscriptions.
Scammers Use ‘Search Ads’ Platform to Boost App Ranking
“They’re taking advantage of the fact that there’s no filtering or approval process for ads, and that ads look almost indistinguishable from real results, and some ads take up the entire search result’s first page,” Lin wrote in his lengthy Medium post.“I dug deeper to find that unfortunately, these aren’t isolated incidents, they’re fairly common in the app store’s top grossing lists. And this isn’t just happening with security related keywords. It seems like scammers are bidding on many other keywords.”
Watch Out, Don’t fall for Fake Apple In-App Subscriptions
One of the top earning apps Lin found was named “Mobile Protection: Clean & Security VPN” that tricked users into signing up for a $99.99 per week subscription for a complete garbage service by just laying their thumb on the Touch ID.