What you mean is they don't necessarily intend to misuse my personal information. The reality is many companies with the best intentions end up spilling that information in a variety of ways.
- They get acquired and their new parent abuses that information.
- They get breeched.
- Employees abuse the information they have access to.
- Employees leak your information to a third party.
- Government employees get access to that information and abuse it.
All of these things have happened to companies where people thought their information was being safely held. Many of these things have happened at the biggest, supposedly secure workplaces. The best way to avoid this is to not put your information out there.
You're absolutely right, non-advertising companies are a risk too. The difference is most developers who collect $2.99 for their app usually don't ask me for personal information unless they have a need which benefits me.