As Epic fight puts all eyes on App Store revenue, Apple offers numbers that aim much larger

MarketWatch2021-06-03

After keeping actual App Store figures from public view during antitrust trial, researchers paid by Apple report that App Store 'facilitated' sales of more than $600 billion in 2020 and avoid any ...

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Comments

Derrick0359
2021-06-03
Derrick0359
Apple looks exciting with the newly developed IOS system
Boo2020
2021-06-03
Boo2020
Like and comment
Mohmoon
2021-06-03
Mohmoon
This is good
- Boo2020:
  is it
skyel
2021-06-03
skyel
Apple have much more potential to explore, not only IT gadgets but green energy, EV, IoT etc
OO_898
2021-06-03
OO_898
Great
ccmk
2021-06-03
ccmk
Like and Comment~ [正經]
- KHYAP:
  ?????
- 2MDB:
  like and comment

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The word \"profit\" does not appear in the report.\nThe independent study, done with the cooperation of Apple in conjunction with the company's World Wide Developers Conference, or WWDC, next week, offered another snapshot of the economic behemoth whose revenue and profitability was a fiercely guarded secret during Apple's contentious antitrust case v. Epic Games Inc. The maker of Fortnite contends the 12-year-old App Store is a money-gouging monopoly that has enriched Apple with billions of dollars in profits at the expense of developers.\nApple has never revealed revenue nor profit from the App Store, and figures it did provide an Epic expert witness were kept hidden from public view. 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China led the way with $300 billion, most of that through sales of physical goods and services using mobile payments, followed by the U.S. ($175 billion), Europe ($74 billion), and the rest of the world ($94 billion).\nSpecifically, billings and sales facilitated by the App Store ecosystem increased by 24% to $124 billion in 2020, the study found. While the digital goods and services category grew 41% to $86 billion during the pandemic, physical goods and services improved 24% to $511 billion. Travel and ride-hailing categories -- subsets of physical goods and services -- slumped a collective 30%. (Travel totaled $38 billion in 2020; ride-hailing was $26 billion.)\nEpic vs. Apple: The (predicted) verdict is in\nThe researchers specifically stated that the closest figure they provided to App Store revenue -- the total amount of digital goods and services sold through apps -- was not actually analogous to that figure for Apple. The researchers included app revenue for services that were not purchased through the App Store but were used on Apple devices, and did not include enterprise-software revenue even if those apps were used on the devices.\nThroughout the report, Apple played up the importance of small businesses on the App Store, which constitute more than 90% of all developers on the App Store. It says the number of small developers swelled 40% between 2015 and 2020.\nAnalysis Group highlighted the work of developers Snap Inc., media company Stitcher, and Bumble Inc. (BMBL), a dating app that is a rival of vocal Apple critic Match Group Inc. \nThe success of small developers, most of whom pay from nothing to a 15% commission fee to distribute apps over the vast App Store platform, offer a contrast to larger developers such as Epic, Match, Microsoft Corp., Spotify Technology, and Nvidia Corp. who have complained about the store's 30% commission fees as well as restrictive technology requirements.\nThe Analysis Group report adds another opaque layer to the mystery of just how much revenue, and profit, is generated by the App Store.\nLast year, Apple reported the earnings it paid to developers was about $39 billion world-wide in 2019, though it did not provide a similar figure for 2020. All told, the figure is well north of $100 billion since the App Store's launch in 2008.\nThe company has often referred to the App Store as an \"economic miracle\" and openly boasted about its success in a series of news releases that highlighted its contribution to the U.S. economy ($350 billion) ,jobs creation (300,000 new U.S. jobs), and theApp Store ecosystem ($519 billion in billings and sales world-wide in 2019).","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":118195059,"gmtCreate":1622722218171,"gmtModify":1704189712124,"author":{"id":"3574151642706297","authorId":"3574151642706297","name":"Derrick0359","avatar":"https://static.tigerbbs.com/1e4377b13ebe2fd65f630bf249fd6624","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574151642706297","authorIdStr":"3574151642706297"},"htmlText":"Apple 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good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/118316330","repostId":2140444382,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4562505,"gmtCreate":1622719707669,"gmtModify":1663227876337,"authorId":3572316669494636,"author":{"id":3572316669494636,"idStr":"3572316669494636","authorId":3572316669494636,"name":"Boo2020","avatar":"https://static.tigerbbs.com/b9140860aa799166f7ff2aef054c4197","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":118316330,"type":1,"supId":0,"prevId":0,"content":"is <u>it</u>","text":"is <u>it</u>","html":"is <u>it</u>"}],"langContent":"EN"},{"id":118310010,"gmtCreate":1622718827730,"gmtModify":1704189596392,"author":{"id":"3581505866102985","authorId":"3581505866102985","name":"skyel","avatar":"https://static.tigerbbs.com/a4e416c9b1fabad56fbe0e086388d5b0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581505866102985","authorIdStr":"3581505866102985"},"htmlText":"Apple have much more potential to explore, not only IT gadgets but green energy, EV, IoT etc","listText":"Apple have much more potential to explore, not only IT gadgets but green energy, EV, IoT etc","text":"Apple have much more potential to explore, not only IT gadgets but green energy, EV, IoT etc","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118310010","repostId":2140444382,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":118399624,"gmtCreate":1622718003368,"gmtModify":1704189570616,"author":{"id":"3582969710070724","authorId":"3582969710070724","name":"OO_898","avatar":"https://static.tigerbbs.com/9fb3c360d5d7711641a868a144192fc7","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3582969710070724","authorIdStr":"3582969710070724"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118399624","repostId":2140444382,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":118942457,"gmtCreate":1622715838479,"gmtModify":1704189534934,"author":{"id":"3575640395742421","authorId":"3575640395742421","name":"ccmk","avatar":"https://static.tigerbbs.com/a90d67ad1fb38a136eae07512ce11d0f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"idStr":"3575640395742421","authorIdStr":"3575640395742421"},"htmlText":"Like and Comment~ [正經]&nbsp;","listText":"Like and Comment~ [正經]&nbsp;","text":"Like and Comment~ 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