You can take your business school degree and cram it up your plush Christmas stocking: iPhone games developer Tapulous, best known for their rhythm game Tap Tap Revenge, are now bringing in $1 million a month in sales.
In the laughable understatement of the year, Tapulous says they are profitable. Tap Tap Revenge has been installed on over one-third of all iPhones and iPod Touches. CEO Bart Decrem says that he experiences his company to exponentially grow as the mobile app market gets broader. “It’s going to be big and all of a sudden people are going to say, ‘holy cow, where did those guys come from?'”he said.
That’s great for Tapulous and its small constabulary of employees — it couldn’t have happened to a nicer bunch of guys — but they are, of course, in the minority. I suspect Tapulous just has too much momentum to stop: they launched an iPhone game early inspired by a very popular and casual-friendly genre of music games like Rock Band and Guitar Hero, and they can ride that early success for awhile. Things are doubtlessly not so rosy for the developers trying to get their apps noticed in a sea of a hundred thousand now.