App Store Sales Saw Unprecedented Growth in 2020, Grossing Over $64 Billion
Apple's App Store saw unprecedented growth in 2020, grossing more than $64 billion in sales, according to a report by CNBC.
The figure is up from an estimated $50 billion in 2019 and $48.5 billion in 2018. This is a significant growth of 28 percent in 2020, compared to growth of just 3.1 percent in 2019.
Apple does not disclose how much revenue its App Store makes every year, but it has released data points every January since 2013 that include the total Apple has paid to developers since the start of the App Store in 2008. App Store revenue is reported as part of Apple's Services division, which reported sales of $53.7 billion at the end of Apple's 2020 fiscal year, which ended in September.
According to an Apple press release from earlier this week, the company has paid developers $200 billion since 2008. This is up $45 billion from the figure that was announced in January 2020. Equal to 70 percent of App Store sales, allowing for Apple's 30 percent cut of digital sales, the App Store grossed around $64 billion last year.
Prior to this information being available, the analytics firm Sensor Tower calculated that App Store spending reached around $72 billion in 2020 and the majority of spending across all app stores occurs on Apple's App Store, with about 70 percent of sales.
The App Store is a core area of growth for the company, and Apple recently announced that New Year's Day saw a new single-day spending record of over $540 million.
Related Stories
Apple today announced that, through a combination of automated technologies and human review processes, the company protected customers from more than $1.5 billion in potentially fraudulent transactions in 2020.
Apple said secure payment technologies like Apple Pay and StoreKit (In-App Purchase) play an essential role in keeping users safe:With online data breaches frustratingly common,...
Apple has regained its third-place position in the annual Fortune 500 rankings of the largest companies in the United States by revenue.
Apple earned $274.5 billion in revenue in the last fiscal year, an increase of 5.5 percent, and made $57.4 billion in profit, a 3.9 percent increase.
Last year, Apple fell to fourth place, but now the company returned to third place, only surpassed by...
Apple device users spent a record $72 billion on the App Store in 2020, a 30% increase on app spending the previous year, according to a new Sensor Tower report.
Globally, consumer spending on the App Store reached $72.3 billion, up 30.3 percent Y/Y from $55.5 billion in 2019. As in previous years, this exceeded the amount users spent on Google Play, which grew 30 percent Y/Y from $29.7...
The controversial social media app Parler has today returned to the App Store, several months after Apple suspended it for breach of App Store rules.
Parler was removed from the App Store in January because Apple said that it failed to take "adequate measures to address the proliferation" of "threats to people's safety."
According to the Washington Post, Parler has now implemented a...
Consumer spending on the top 100 non-game subscription-based apps across mobile platforms grew 34% year-on-year from $9.7 billion in 2019 to $13 billion in 2020, according to a new report by analytics firm Sensor Tower. According to the data, revenue from subscription apps purchased on the App Store and the Google Play Store represented around 11.7% of the $111 billion that consumers spent...
Apple's services category, which includes the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple News+, Apple Fitness, and more, saw record growth during the second fiscal quarter of 2021 (first calendar quarter). According to Apple's earnings report, the services segment brought in $16.9 billion, up 27 percent from the $13.4 billion in revenue...
An app that demanded at least a three-star review to function got through the App Store review process, it has been found (via The Verge).
iOS developer Kosta Eleftheriou discovered that the "UPNP Xtreme" app, which claimed to let users stream video to a TV, presented the system's App Store rating box as soon as it opened. The rating box could not be escaped from and it was not possible to...
The average iPhone user spent 38 percent more in 2020 on premium apps and in-app purchases than the year before, reaching a total average spend of $138 per iPhone in the United States, according to new research conducted by Sensor Tower.
2020 was a record year for App Store spending, with more than ever being spent per iPhone user. Although App Store sales grew by 42 percent in 2016, the 38...
Apple's services category, which includes the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple News+, Apple Fitness, and more, saw significant growth in the first fiscal quarter of 2021 (fourth calendar quarter of 2020).
According to Apple's latest earnings report, the services segment brought in $15.8 billion, up from $12.7 billion in the year-ago...
Apple's Wearables, Home, and Accessories category reached record revenue numbers in the second fiscal quarter of 2021 (first calendar quarter), hitting $7.8 billion, up from the $6.3 billion it earned in the year-ago quarter.
Wearables, Home, and Accessories growth revenue was up a total of 25 percent combined. Apple CEO Tim Cook said that wearables growth was up thanks to strong sales of...
Top Rated Comments
these things cost extra money to do. Apple deserves their cut.
So, the total gross generated by the App Stire is well over $70 billion