App Store gross revenue over $64 billion in 2020, says CNBCThat would put revenue growth at 28%...
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:
Apple's App Store grossed more than $64 billion in 2020, according to an analysis by CNBC.
That's up from an estimated $50 billion in 2019 and $48.5 billion in 2018, according to the same analysis, suggesting that App Store sales growth accelerated strongly during the Covid-19 pandemic, as people sheltered at home and spent more time and money on apps and games.
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:
Apple doesn't disclose how much revenue its App Store makes per year. Instead, since 2013, it has released data points in January that includes the total that Apple has paid to developers si...
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App Store gross revenue over $64 billion in 2020, says CNBC
