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Apple generates $64 bn revenue from App Store in 2020

2021-01-11 148 Dailymotion

Apple made a total of $64 billion in revenue through its App Store in 2020, showing a 28 per cent increase from an estimated $50 billion that the tech giant generated in 2019.<br /><br />According to The Verge, this growth in 2020 represents a good amount of growth for the company's App Store because the estimated increase between 2018 and 2019 was only 3.1 per cent. <br /><br />The sharp increase in growth can be attributed to the fact that people did purchase more games online owing to the worldwide lockdown due to the Covid-19 pandemic. When Apple reports on its revenues, it lumps the money it makes from the App Store along with its services revenue, which turns out to be by far its fastest-growing category.

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