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.

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