Why is Evernote Raising Its Price Again?

Ariel Ariel
8/25/23

This is a single insight from This Week in Apps - Still Growing. Check out the full article for more insights.


If you're an App Store veteran like me, when you hear the name "Evernote" you think of the most popular note taking app in the App Store. If you don't know the name it's probably because Evernote's popularity is a thing of the past...

Since 2017, Evernote's monthly downloads dropped 88% in a trend that's clearly not stopping any time soon.

So, that's downloads. Revenue on the other hand, is following a very different trend.

Since 2021, Evernote's net revenue from the App Store and Google Play grew 64%.

According to our estimates, Evernote saw $1.6M of net revenue, that's after giving Apple and Google their fees, in July. And that was roughly 300K higher than the average of the three previous months.

Why so high? Evernote increased its subscription price and didn't grandfather any of its users which led to an immediate bump in revenue.

With downloads declining, one way companies could increase revenue is by charging their current users more. But... that comes at the cost of paying users churning.

Evernote must have seen that churn and figured an increase wouldn't hurt as much as it'd help. Although in the short term that seems to have been the case, the real question is how many users will stick around longer, and how much harder will it be to convert the decreasing amount of new users with the new prices.

I expect more apps to follow this trend because it leads to "easy money", but I suspect most of the apps who do that will find that in the long term, grandfathering existing users and increasing the prices only to new ones is a better way to grow.

App Intelligence for Everyone!

The insights in this report come right out of our App Intelligence platform, which offers access to download and revenue estimates, installed SDKs, and more! Learn more about the tools or schedule a demo with our team to get started.

Are you a Journalist? You can get access to our app and market intelligence for free through the Appfigures for Journalists program. Contact us for more details.

All figures included in this report are estimated. Unless specified otherwise, estimated revenue is always net, meaning it's the amount the developer earned after Apple and Google took their fee.

Tagged: #business

Related Resources

GPT-4o Leads ChatGPT to Biggest Spike in App Revenue Ever!
Insights
GPT-4o Leads ChatGPT to Biggest Spike in App Revenue Ever!

Earlier this week, OpenAI introduced GPT-4o, its latest update to roll out of the lab. Many have called GPT-4o magical w...

Game Emulators Took Over the App Store Briefly - Will The Trend Continue?
Insights
Game Emulators Took Over the App Store Briefly - Will The Trend Continue?

Last month, Apple allowed game emulators into the App Store for the first time ever. That created a lot of excitement fr...