Cupertino (California): The App Store builders generated $1.1 trillion in whole billings and gross sales in 2022, an Apple examine revealed on Wednesday.
The economists from Analysis Group, one of many largest worldwide economics consulting corporations, estimate that final 12 months, App Store builders generated $910 billion in whole billings and gross sales from the sale of bodily items and providers, $109 billion from in-app promoting, and $104 billion for digital items and providers.
The App Store continues to create unbelievable alternative for builders all over the world, with greater than 90 % of the billings and gross sales accruing solely to builders and companies of all sizes — with none fee paid to Apple.
“We’ve never been more hopeful about — or more inspired by — the incredible community of developers around the world,” stated Apple CEO Tim Cook.
“The App Store is a vibrant, innovative marketplace where opportunity thrives, and we’re as committed as ever to investing in developers’ success and the app economy’s future,” he added.
Developer billings and gross sales elevated by 27 % between 2019 and 2020; 27 % between 2020 and 2021; and 29 % between 2021 and 2022.
Small builders specifically discovered super success on the App Store — outpacing bigger builders by rising their income by 71 % between 2020 and 2022, the examine confirmed.
The App Store attracted over 650 million common weekly guests worldwide in 2022, based on new knowledge from Apple. And customers downloaded and redownloaded apps a mean of greater than 747 million and 1.5 billion occasions every week in 2022, respectively.
“Travel sales made on iOS apps increased by 84 percent in 2022, alongside a 45 percent increase in sales on ride-hailing apps,” the findings confirmed.
The iOS builders have earned greater than $320 billion on the App Store from 2008 to 2022.
The Analysis Group examine discovered that iOS customers have downloaded apps greater than 370 billion occasions from 2008 to 2022.
“Today, the App Store has more than 123 times as many apps — nearly 1.8 million — to choose from, compared to the thousands available on the App Store at the end of 2008,” stated the corporate.
In 2022, the App Store blocked greater than $2 billion in fraudulent transactions — and rejected 1.7 million app submissions for failing to satisfy privateness, safety, and high quality requirements.
