Carlos Ribas is an indie developer. His app is called HoursTracker. HoursTracker went live in July, 2009 and has been a work in progress ever since.

The linked story lays out Carlos’ experience with the App Store from a financial perspective. He shares his revenue figures and his experience with iAds versus in-app purchase.

Bottom line, with a broad enough customer base, he makes more money with the App Store than he could with a full time job. And for many people, that’s the dream.

[Via MacStories]