App Store helps developers log $643-bn biz in 2020
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Cupertino (California) Apple has announced that the App Store ecosystem facilitated $643 billion in billings and sales during 2020, a 24 percent year-over-year increase. The number of small developers worldwide has grown by 40 per cent since 2015 - and they make up more than 90 percent of App Store developers.
An independent study by economists from the Analysis Group defines small developers as those with fewer than 1 million downloads and less than $1 million in earnings across all their apps in a given year.
"The apps we've relied on through the pandemic have been life-changing in so many ways - from groceries delivered to our homes, to teaching tools for parents and educators, to an imaginative and ever-expanding universe of games and entertainment," said Apple CEO Tim Cook.
