I built an iOS revenue estimator, then tested it against 16 apps that disclosed real MRR. It underestimated indie subscription apps by up to 20–40x. Here's why.
I've been building an app-store revenue estimation engine solo. Most estimators (mine included) key off review velocity → downloads → revenue. So I pulled 16 apps whose founders publicly disclosed real MRR (via RevenueCat/Stripe on TrustMRR) and checked my engine blind.
Result: it was consistently low — sometimes 20–40x — on small, low-review, high-ARPU subscription apps. An app with ~300 reviews doing $16k/mo looks tiny to a review-count model, but its paywall converts hard.
Two lessons: (1) review-count → revenue breaks for subscription apps with strong paywalls; (2) worldwide MRR vs US-only iOS scope explains maybe 2x of it, but not the rest. Working on it in the open.
Curious if others estimating app revenue hit the same wall — how are you handling low-review, high-conversion subs?