Last year, the Apple App Store generated about $ 64 billion in revenue
Apple App Store revenue for the year 2020 is 28% higher than in 2019, according to CNBC. The Apple App Store had revenue of $ 64 billion last year. In 2019, the App Store raised about $ 50 billion. This is a huge amount of revenue for the Apple App Store. The App Store grew only 3.1% between 2018 and 2019.
App Store sales boomed during the COVID-19 disaster, CNBC reports. Apple did not disclose the annual revenue of the App Store. The company has announced that it has paid $ 200 billion to developers since 2008.
In 2018, the Apple App Store generated $ 48.5 billion in revenue. Starting this year, Apple will charge a 15% commission instead of 30% for small developers who earn less than $ 1 million a year. Developers who use the App Store platform for $ 1 million or more on a yearly basis will be charged a regular 30% off.
In recent years, Apple has been accused of fraudulent business practices due to high commissions. Market monopolies and litigants emerged. Last year, Fortnite gaming giant Epic Games launched its own in-app payment system. He got into trouble with Google’s App Store and filed a lawsuit.