Apple is one of the world’s largest technology companies. In 2022, they earned $394.3 billion. They also made a profit of $99.8 billion, which is more than most countries. Apple’s contribution to the world economy goes beyond its own earnings. Millions of developers from all over the world use Apple’s services such as App Store to sell their products and reach more customers. In 2022, App Store developers generated $1.1 trillion in total billings and sales. Here are the details…
App Store Developers Generate $1.1 Trillion in Total Billings and Sales in 2022
Apple released a report on the financial performance of its app ecosystem in 2022. The report showed that the App Store generated $1.1 trillion in total billings and sales, an increase of 29% from the previous year. Of this revenue, 90% was not subject to Apple’s commission. Apple takes a commission of 15% to 30% on in-app purchases and paid downloads through the App Store.
This impressive sum of $1.1 trillion comprises of $910 billion derived from sales of physical goods and services, $109 billion from in-app advertising, and $104 billion from digital goods and services. This performance demonstrates a significant increase from the 2019 figures, when the App Store managed $519 billion in commerce with only $61 billion coming from digital goods and services. According to Apple, from 2008 to 2022, iOS app developers have collectively earned over $320 billion on the App Store, representing a substantial increase from the $260 billion reported in 2021.
- $910 billion from sales of physical goods and services
- $109 billion from in-app advertising
- $104 billion from digital goods and services
The report also showcases other growth-related metrics about the App Store. The data indicates a slight rise in the growth of developer billings and sales from 2021 to 2022 at 29%, slightly higher than the 27% growth experienced in the preceding two years. Small developers, in particular, saw their earnings grow by an impressive 71% from 2020 to 2022, surpassing the growth of larger app developers.
Here is a list of the countries with GDPs less than $1.1 trillion in 2022:
- Afghanistan
- Angola
- Benin
- Bhutan
- Burundi
- Cambodia
- Central African Republic
- Chad
- Comoros
- Congo, Democratic Republic of the
- Congo, Republic of the
- Djibouti
- Equatorial Guinea
- Eritrea
- Eswatini
- Ethiopia
- Gambia, The
- Guinea
- Guinea-Bissau
- Haiti
- Honduras
- Iraq
- Kenya
- Kosovo
- Lesotho
- Liberia
- Libya
- Madagascar
- Malawi
- Mali
- Mauritania
- Mozambique
- Myanmar (Burma)
- Nepal
- Niger
- Nigeria
- Pakistan
- Rwanda
- Sao Tome and Principe
- Senegal
- Sierra Leone
- Somalia
- South Sudan
- Sudan
- Syria
- Tajikistan
- Tanzania
- Togo
- Uganda
- Ukraine
- United Republic of Tanzania
- Yemen
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