According to CNBC, Apple App Store revenue will increase by 28% in 2020 compared to 2019. The Apple App Store made $ 64 billion in revenue last year. The App Store produced almost $ 50 billion in revenue in 2019. For the Apple App Store, this is a big quantity of money. The App Store only grew by 3.1 percent between 2018 and 2019.
The COVID-19 tragedy, according to CNBC, boosted app store sales. Apple does not provide the App Store’s annual revenue. According to the corporation, it has paid out $ 200 billion to developers since 2008.
In 2018, the Apple App Store generated $ 48.5 billion in revenue. Starting this year, Apple will charge a 15% commission instead of a 30% commission to small developers earning less than $1 million per year. Developers who spend $ 1 million or more per year on the App Store platform will receive a regular 30% discount.
Due to huge fees, Apple has been accused of misleading business techniques in recent years. Market monopolies and lawsuits emerged. Last year, Epic Games, the creators of Fortnite, developed their own in-app payment system. He got himself into a legal fight with Google’s App Store.