Technology giant Apple announced on the official share today: “How much revenue did App Store developers make in 2022?”
According to Apple, developers generated $1.1 trillion in revenue from invoices and sales in the App Store ecosystem in 2022. Detailed information on this subject is as follows: it happened: “Apple announced today that the App Store ecosystem has mediated $1.1 trillion in billing and sales for developers in 2022, according to independent research by Analysis Group economists. With no commissions paid to Apple, the App Store continues to create incredible opportunities for developers around the world, with more than 90 percent of invoices and sales only accrued to developers and businesses of all sizes. Today, there are more ways than ever for developers in the App Store to monetize their apps and build successful businesses. Economists from Analysis Group estimate that App Store developers generated total billing and sales of $910 billion from physical products and services sales, $109 billion from in-app ads, and $104 billion from digital products and services last year.” In this respect Apple CEO Tim Cook, “The incredible worldwide developer community gives us more hope and inspiration than ever before.” said and continued: “As this report demonstrates, the App Store creates a vibrant, innovative marketplace where opportunities abound, and we remain committed to investing in developer success and the future of the app economy.”
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According to Apple, research by Analysis Group takes a closer look at the key drivers behind growth in the AppStore ecosystem, including resurgent demand for industries such as travel and ride-hailing, and strong growth in ad spend in apps like social media and retail apps. The following is also cited in this regard: “Developers’ billing and sales amount is 27 percent between 2019 and 2020; 27 percent between 2020 and 2021; and increased 29% between 2021 and 2022. Small developers, in particular, increased their revenue by 71 percent between 2020 and 2022 and were a huge hit on the App Store, outpacing larger developers. Economists at Analysis Group say such growth rates are positive indicators; believes it points to a thriving market full of dynamism, innovation and competition.
The App Store’s commerce engine provides Apple developers around the world with a global distribution platform that supports more than 195 local payment methods and 44 currencies across 175 stores. It also allows developers to reach users across borders. In 2022, 54 percent of downloads occurred in stores outside the developers’ home countries. According to new data from Apple, the App Store attracted an average of more than 650 million weekly visitors worldwide in 2022. And users downloaded an average of more than 747 million apps each week in 2022 and re-downloaded apps they had previously downloaded more than 1.5 billion times.”
iOS developers according to Apple More than $320 billion in revenue through the App Store from 2008 to 2022. Analysis Group research revealed that iOS users downloaded apps more than 370 billion times from 2008 to 2022. And the App Store offers nearly 18 million apps today, 123 times more than the number of apps that did not exceed a few thousand at the end of 2008.