A recent study indicates that the US App Store had a remarkable economic impact, generating $406 billion in developer billings and sales in 2024, marking a doubled growth from 2019. More than 90% of this revenue did not incur a commission for Apple. The study also highlights the significant increase in small developers' earnings by 76% from 2021 to 2024. Tim Cook, CEO of Apple, reiterated the company's commitment to supporting app developers and enhancing user experiences through continuous investment in technology and resources.
"The US App Store ecosystem facilitated $406 billion in developer billings and sales in 2024, reflecting a doubling over the past five years."
"Tim Cook emphasized that the App Store has created incredible opportunities for app developers, entrepreneurs, and businesses of all sizes over more than 15 years."
"More than 90% of the billings and sales facilitated by the App Store did not have to pay Apple a commission, indicating a robust developer ecosystem."
"Small developers' earnings increased by 76% between 2021 and 2024, showcasing significant growth in the app development space."
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