Apple's App Store Had Gross Sales Around $64 Billion Last Year and It's Growing Strongly Again
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. App Store revenue grew 28% in 2020, up from 3.1% growth in 2019, according to CNBCâ(TM)s analysis. Apple's App Store is a core growth area for the company. It's reported as part of Apple's Services division, which reported $53.7 billion in sales in Apple's fiscal 2020, which ended in September. The money that Apple makes from its App Store has become a flash point for critics of Apple which argue it has too much power. Apple charges 30% for digital sales through its platform, with a few exceptions. Apple recently altered its fee structure, and now it only takes a 15% cut from companies that generate less than $1 million in the App Store.
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. App Store revenue grew 28% in 2020, up from 3.1% growth in 2019, according to CNBCâ(TM)s analysis. Apple's App Store is a core growth area for the company. It's reported as part of Apple's Services division, which reported $53.7 billion in sales in Apple's fiscal 2020, which ended in September. The money that Apple makes from its App Store has become a flash point for critics of Apple which argue it has too much power. Apple charges 30% for digital sales through its platform, with a few exceptions. Apple recently altered its fee structure, and now it only takes a 15% cut from companies that generate less than $1 million in the App Store.