• About
  • Contact
Tuesday, June 28, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Last year, Apple’s App Store Had Gross Revenue Of About $50 Billion

Pritish raj by Pritish raj
October 7, 2020
in News
Reading Time: 2 mins read
A A
0
App store logo

App store logo

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.

Previous Post

Dinesh Kumar Khara Is New SBI Chairman For Next 3 Years

Next Post

MIVI- Story Of Indigenous Brand & Its Rapid Growth

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Next Post
Mivi Founder

MIVI- Story Of Indigenous Brand & Its Rapid Growth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital
  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker

Latest News

20220627 152251 0000

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.