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June 15, 2020 10:34 pm

Apple says the App Store created $517 billion in commerce last year




Photo by Amelia Holowaty Krales / The Verge

Apple on Monday touted the findings of a new study from economic consulting firm Analysis Group that says the App Store was responsible for $517 billion in estimated total billings and sales of both physical products and services and digital goods in 2019.


Of that amount, Apple says it takes a 30 percent cut of just $61 billion of those sales, as that’s the portion of total billings that constitutes digital-only goods. That includes the biggest category, mobile games, as well as in-app purchases, subscriptions, and unit sales of paid apps. In-app advertising, also largely dedicated to mobile gaming, makes up another $45 billion. Of everything else — from ride-hailing software to food delivery apps to mobile retail shops from Best Buy...



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Original Link: https://www.theverge.com/2020/6/15/21292203/apple-app-store-ios-apps-billings-revenue-517-billion-2019-antitrust-regulation

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