Apple revealed Wednesday that since 2008, it has paid developers $155 billion, up from $120 billion disclosed in January 2019. That means that in 2019, the company’s App Store had overall revenues of $50 billion, assuming developers take 70 percent of app sales, and, according to CNBC’s report, created around $15 billion in revenue for Apple.
The statistics came as part of Apple’s broader announcement to display traction for its so-called services sector, which investors and analysts are increasingly seeing as a key segment for iPhone makers. The company also provides subscription content services such as Apple Music and Apple TV+, iPhone promises, and revenue licensing, such as the fee charged by Google to Apple to make its iPhone search engine the default. Overall, in the company’s last fiscal year, which ended Sept. 28, 2019, the business generated revenue of $46.2 billion.
The total amount of money its App Store generates every year is not reported by Apple. However, since 2013, it has released data about its App Store every January, including the total amount of money it pays to developers. On the App Store, developers get 70% of the purchase price of an app, rising to 85% in the second year of a subscription, impacting a comparatively smaller proportion of users. With that data, from the amount charged to developers, it is possible to estimate total maximum App Store revenue.
It paid $35 billion to developers in 2019 on the basis of the stats revealed by Apple, indicating gross revenue of $50 billion.
Apple does not disclose the total amount of money the App Store produces every year. Since 2013, however, it has published data every January about its App Store, including the total amount of money it pays to developers. Developers get 70% of the purchase price of an app on the App Store, rising to 85% in the second year of a subscription, affecting a comparatively smaller number of consumers. With that details, it is possible to estimate overall gross App Store revenues from the sum paid to developers.
In 2019, it charged $35 billion to developers on the basis of the stats released by Apple, suggesting $50 billion in gross sales.
Apple disclosed more stats on Wednesday:-
Between Dec. 24 and 31, the App Store received $1.42 billion in revenue. The App Store record for the most revenue for one day is $386 million, set on Jan. 1, 2020. 50 percent of users of Apple Music has used a new lyric synchronization function. In the U.S., UK, Australia, and Canada, Apple News has over 100 million active users on a monthly basis.
About 800,000 shows from Apple Podcasts. 75% of iCloud users use two-factor authentication, a login mechanism that makes it more difficult for attackers to monitor your account.
