Apple’s App Store announces latest performance Revenue of $11 trillion expected to be generated in 2022

Apple's App Store expects to generate $11 trillion in revenue in 2022

【PhoneAuto News】On June 1st, PhoneAuto learned from the Apple official website that in 2022, App Store developers achieved a total revenue and sales of 1.1 trillion US dollars in the App Store ecosystem.

App Store

It is understood that this data comes from independent research by economists from Analysis Group, an international consulting firm. According to the official introduction, the App Store continues to create opportunities for global developers, and more than 90% of revenue and sales go directly to developers and businesses of all sizes – Apple does not charge any fees.

Specifically, according to the estimates of Analysis Group’s economists, Chinese developers generated a total revenue and sales of $523 billion through the sale of physical goods and services in 2022, and earned $25 billion in revenue from in-app advertising, with another $21 billion in revenue coming from digital goods and services.

Regarding this, Apple CEO Tim Cook said: “The outstanding community of global developers has brought us endless hope and inspiration. As this report shows, the App Store is a dynamic, creative, and full of opportunities market. We always promise to spare no effort in supporting the success of developers and the future of the App ecosystem.”

The official stated that there are nearly 2 million apps on the App Store, with rich content, and each app comes with details; more than 500 full-time experts worldwide review over 100,000 apps each week.

It is worth mentioning that on May 4th, Apple released the Q2 2023 financial report. The data shows that the revenue for the quarter was $94.84 billion, with market expectations of $92.981 billion, compared to $97.3 billion in the same period last year; Q2 net profit was $24.16 billion, with market expectations of $22.663 billion, compared to $25.01 billion in the same period last year. Among them, Greater China revenue in Q2 was $17.81 billion.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Phone

Redmi K70 Pro goes on sale today, powered by Snapdragon 8 Gen 3, offering an extremely high cost-performance ratio.

[Mobile China News] Recently, Redmi held a new product launch conference and officially introduced the Redmi K70 Pro....

Phone

Huawei is launching a surprise attack again? Nova 12 Pro may go directly on sale on Huawei Mall.

【Mobile China News】Recently, there has been a lot of news about the Huawei nova 12 series. Considering that Huawei ...

Phone

Huawei responds to the rebranding of HuaBianPay Essentially speeding up the construction of the HarmonyOS ecosystem.

【Mobile China News】On October 13th, the People's Bank of China officially announced that Huawei's payment instituti...

Phone

Huawei Terminal's full range of products stunningly appeared at the 2023 Digital Technology Ecology Conference

【Mobile China News】From November 10th to 13th, the 2023 Digital Technology Ecology Conference, organized by China T...

Phone

This month, Huawei, Honor, and Vivo will release eight models of smartphones. Your wallets are in danger, there's no escape!

【Mobile China News】With the release of Qualcomm Snapdragon 8 Gen 3 mobile platform and MediaTek Tianji 9300 chip, s...

Phone

Huawei announces will hold the Operating System Conference at the Beijing National Convention Center.

【Mobile China News】On December 15, Mobile China noticed that Huawei Computing officially announced that the OS Conf...