Posted on

App Store developers have earned $320 billion to date, says Apple


Apple today shared an update on its subscription businesses and global App Store, noting that the tech company has now paid out a record $320 billion to app developers since 2008 — a number that reflects the revenue apps have generated, minus Apple’s commission. In addition, the tech giant said it now has more than 900 million paid subscriptions across Apple services, with subscriptions on the App Store driving a “significant” part of that figure.
Image Credits: Apple
The company’s App Store in 2022 faced one of its tougher years since its founding, with lawsuits and antitrust actions aimed at limiting its market power. The U.S. Department of Justice is said to now be in the early stages of filing an antitrust lawsuit against Apple, even chiming in on the Apple-Epic Games antitrust appeal recently to point out to the court why the origina …

Read More