Apple bigs up the App Store’s role in the ‚flourishing‘ app economy.
Apple says half a trillion dollars’ worth of commerce was generated globally by its App Store ecosystem in 2019, highlighting the platform’s role in the app economy and its value to businesses of all types and sizes across the world.
The App Store launched in 2008 as a marketplace for applications and games for the iPhone, and later, the iPad.
The marketplace has developed into a vast e-commerce and software platform which generated $519 billion (£410 bn) in 2019, according to a study conducted by Analysis Group.
The company claims that direct commission from Apple to developers only accounts for a fraction of this figure, with the majority of income derived from the sales of goods and services.
