Apple’s App Store made an estimated $64 billion in 2020
According to CNBC’s analysis, Apple’s App Store made $64 billion in revenue in 2020, which is a 28 percent increase from the estimated $50 billion it made in 2019. This represents a good amount of growth for the App Store since the estimated increase between 2018 and 2019 was only 3.1 percent.
It’s hard to tell the exact reason for the spike in growth, but it likely had something to do with the COVID-19 pandemic. I can say from personal experience that I bought quite a few more games in 2020 than I have in years past, as well as subscriptions to fitness and productivity apps to try to regain some control of my life during quarantine.
When Apple reports on its financials, it lumps the money it makes from the App Store in with its…