Since the App Store launched in 2008, developers have earned over $155 billion from app and in-app purchases, with a quarter of those earnings occurring in 2019. However, the App Store also facilitates the sale of a wide variety of physical goods and services, ranging from Uber and Lyft rides to Postmates and DoorDash deliveries, which the study found accounted for $413 billion of the last year’s total.
Of this $413 billion, some categories include:
- $268 billion from retail apps such as Target, Best Buy, and Etsy
- $57 billion from travel apps such as Expedia and United
- $40 billion from ride-hailing apps such as Uber and Lyft
- $31 billion from food delivery apps such as DoorDash and Grubhub
Apple CEO Tim Cook:
The App Store is a place where innovators and dreamers can bring their ideas to life, and users can find safe and trusted tools to make their lives better. In a challenging and unsettled time, the App Store provides enduring opportunities for entrepreneurship, health and well-being, education, and job creation, helping people adapt quickly to a changing world. We’re committed to doing even more to support and nurture the global App Store community — from one-developer shops in nearly every country to businesses that employ thousands of workers — as it continues to foster innovation, create jobs, and propel economic growth for the future.
Apple said the App Store now has nearly two million apps and is accessed by half a billion people each week across 175 countries.
This article, “Apple Says App Store Ecosystem Supported Over $500B in Commerce Worldwide in 2019” first appeared on MacRumors.com
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