Apple App Store total revenue in 2020 is $64 billion

According to reports, the latest analysis data shows that the total revenue of Apple’s App Store in 2020 will exceed $64 billion, an increase of 28% from 2019.

According to data, the App Store’s revenue in 2018 was about 48.5 billion U.S. dollars, and its revenue in 2019 was about 50 billion U.S. dollars, and it reached 64 billion U.S. dollars in 2020. This shows that during the COVID-19 pandemic because many people work from home, they spend more time and money on apps and games, which drives strong sales growth in app stores.

Today, the App Store business has become an important growth area for Apple. The performance of this department is included in Apple’s service department. In the 2020 fiscal year ending at the end of September, sales of Apple’s service division were $53.7 billion.

While the App Store has created huge profits for Apple, it has also become a fuse for Apple to be criticized by the outside world. They believe that Apple’s power is too great, and the 30% commission charged by the App Store is also too high. Recently, Apple adjusted its fee structure to only take 15% from companies whose App Store revenue is less than $1 million.

Via: CNBC