Consumer spending on app stores surpasses $100 billion for the first timeConsumers are spending more and more on digital products.
What you need to know
Spending on the app stores has surpassed $100 billion in a single year for the first time.
Christmas spending on apps also reached a new record.
Reported by Sensor Tower, spending on mobile apps and games has bassed $100 billion in a single year for the first time in 2020. On Christmas alone, consumers spent around $407 million across Apple's App Store and Google's Play Store.
2020 has been a record-setting year for worldwide spending on mobile apps and games, which passed $100 billion in a single year for the first time ever in November. This trend continued on Christmas, when consumers around the globe spent an estimated $407.6 million across Apple's App Store and Google Play, according to preliminary Sensor Tower Store Intelligence estimates. This figure represents 34.5 percent year-over-year growth from approximately $303 million in 2019, and is nearly 17 points higher than the growth experie...
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Consumer spending on app stores surpasses $100 billion for the first time
