Apple disclosed that it paid App Store developers $35 billion last year, and offered other factoids related to its services business, but did not include any viewership statistics for Apple TV+, the streaming service launched earlier this fall, nor any subscriber statistics for Apple Arcade, its game subscription.
Apple's App Store platform grossed around $50 billion in 2019, according to analysis by CNBC.
At $50 billion in sales per year, the App Store alone would be no. 64 on the Fortune 500, ahead of Cisco and behind Morgan Stanley.Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference in San Jose, California, U.S., on Monday, June 4, 2018.Apple announced Wednesday that it has paid $155 billion to developers since 2008, up from $120 billion disclosed in January 2019.
Apple doesn't disclose the total amount of revenue its App Store makes per year. But it has published stats about its App Store every January since 2013, including the total amount of money it pays to developers. Developers get 70% of the purchase price of an app on the App Store, rising to 85% in the second year of a subscription, which affects a relatively smaller proportion of apps.
Based on the stats Apple disclosed, it paid out $35 billion to developers in 2019, suggesting total sales of $50 billion. At $50 billion in total sales per year, the App Store alone would be no. 64 on the Fortune 500, ahead of
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