A teenage girl named Sophie is rushed to the hospital after a terrible car accident. Lucky for Sophie, heart surgeon Dr. Albert Beck is at the hospital to save her life. While Sophie recovers nicely in the hospital, Dr. Beck tends to her, more than Sophie's mother would like. A mother's instinct is never wrong.
On the low-cost side, a very basic mobile product for one platform could cost between $20k and $35k to get an initial version of the product to market. A more robust app could cost between $50k-$75k for an initial version.
Depending on your development model and the tool or partner you use to develop the app, this will hourly rate will vary. The calculated median cost at $100/hour for iPhone app development is $25,275.00 to $114,300.00. The median cost at a higher rate of $150/hour is $37,912.50 to $171,450.00. The maximum cost figures at $100/hour and $150/hour, respectively, were $485,000.00 and $727,500.00. It is important to keep in mind that these figures do not include the ongoing maintenance costs and updates that apps require.