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Spotify, Netflix, LINE, Pandora & HBO NOW top the list of 2016’s biggest apps by revenue

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NewsHubAccording to a new year-end report from Sensor Tower detailing the top apps of 2016, streaming services dominated when it came to which apps, outside of games, pulled in the most revenue over the past year. At the top of the list is Spotify, which not only scored the number one spot on the iTunes App Store, but also was the number one revenue earner across both platforms, including both the App Store and Google Play.
Meanwhile, thanks to chat app LINE’s traction on Android, it ranked as the number two app by revenue overall, followed by Netflix, Tinder, Pandora, then HBO NOW.
Hulu also made an appearance on the list, as the No. 9 app by revenue overall, and No. 7 on the App Store.
The list indicates that the trend toward cord cutting – shifting attention away from linear television to streaming services – is still going strong, as is the growth of subscription-based streaming of music.
That being said, ranking high on the App Store’s revenue charts is one thing, but translating that into a profitable business is still a challenge.
Case in point: earlier this week, Pandora announced it was laying off around 7 percent of its U. S. workforce, despite having grown its business to include over 4.3 million paid subscribers.

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