In 2024, the Apple App Store reached a significant milestone by facilitating $406 billion in sales and billings for U.S. developers. This amount represents a remarkable increase from $142 billion in 2019, showcasing the App Store's rapid growth over the past five years. Notably, over 90% of these earnings did not incur any commission fees from Apple, indicating a thriving ecosystem of services, goods, and advertising. Apple CEO Tim Cook emphasized the company's commitment to continue investing in resources that help developers innovate and enhance user experience.
"For more than 15 years, the App Store has created incredible opportunity for app developers, entrepreneurs and businesses of all sizes," said Apple CEO Tim Cook.
The $406 billion figure cited in the study […] highlights the platform's explosive growth over the past five years.
More than 90 percent of these billings and sales didn't result in any commission payments to the company.
This strong financial performance suggests this trend will continue, potentially bringing even more sophisticated apps and features to iPhone and iPad users.
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