According to CNBC, Apple App Store revenue in 2020 will be 28% more than in 2019. Last year, the Apple App Store brought in $ 64 billion in revenue. In 2019, the App Store generated approximately $ 50 billion in revenue. This is a significant sum of money for the Apple App Store. Between 2018 and 2019, the App Store expanded by only 3.1 percent.
According to CNBC, app store sales soared amid the COVID-19 accident. The App Store’s annual income was not disclosed by Apple. Since 2008, the corporation has paid out $ 200 billion to developers, according to the company.
The Apple App Store made $ 48.5 billion in revenue in 2018. For small developers earning less than $1 million per year, Apple will levy a 15% commission instead of 30% starting this year. Developers that use the App Store platform on an annual basis for $ 1 million or more will receive a regular 30% discount.
Apple has been accused of deceptive business tactics in recent years due to large commissions. Monopolies in the market and litigation arose. Epic Games, the creators of Fortnite, created their own in-app payment mechanism last year. He became embroiled in a legal battle with Google’s App Store.