What you need to know
- CNBC estimates Apple's App Store grossed over $64 billion in revenue last year.
- That would mean growth of 28% on 2019.
A new report from CNBC estimates that Apple's App Store grossed over $64 billion in 2020.
From the report:
The report says App Store revenue grew by 28% in 2020, a huge increase on 3.1% growth in 2019. Here's how the figure was calculated:
In a press release earlier this week Apple said that consumers had spent $1.8 billion on digital goods between Christmas Eve and New Year's Eve, and a record $540 million New Year's Day alone. As CNBC notes, Apple also says developers have now earned some $200 billion since the App Store's launch in 2008.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9