Apple generates $64 bn revenue from App Store in 2020
  • 3 years ago
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.

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.

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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