Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Apple’s App Store growth is slowing down

Apple’s App Store growth is slowing down
On Tuesday, $Apple(AAPL.US)$ said it has paid $320 billion to developers, up from $260 billion as of last year, a jump of $60 billion. Developers receive between 70% and 85% of gross sales, depending on if they qualify for Apple’s reduced rate.
If all developers paid a 30% cut to Apple, Apple’s App Store grossed more than $85 billion in 2022, based on a CNBC analysis. If Apple’s commissions were all 15%, the App Store’s estimated gross would come in lower, around $70 billion.
It’s the same amount of sales as Apple suggested with its data point last year, when the company said it had paid developers $60 billion in 2021.
This is a rough estimation that could vary because it’s unclear how many developers pay the lower 15% cut, versus the 30% cut, and because the stats Apple shares are rounded.
Attempts to extrapolate the size of the App Store business from developer earnings are inaccurate, Apple said, because the commission ranges from 15% to 30%, and the vast majority of developers pay the lower commission under the App Store Small Business Program that gives a lower cut to app makers who gross under $1 million per year.
Apple said in its release that 2022 was a "record" year for the App Store, and revealed 900 million subscriptions, up from 745 million subscriptions in 2021. Apple's stat includes anyone who subscribes to a service through Apple's App store, not just its own first-party services like Apple TV+ and Music.
$Alphabet-C(GOOG.US)$ $Alphabet-A(GOOGL.US)$ $Meta Platforms(META.US)$ $Nasdaq Composite Index(.IXIC.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
4
+0
Translate
Report
27K Views
Comment
Sign in to post a comment
    avatar
    Video Sharer
    614Followers
    68Following
    1974Visitors
    Follow