The App Store is a thriving marketplace where iOS users and developers converge. Supported by Apple's robust resources and tools, the platform has witnessed tremendous growth in recent years. Apple's recent disclosure of staggering statistics about the App Store ecosystem sheds light on its significant impact.
Apple's latest figures showcase the impressive scale of the App Store, aiming to dispel notions of excessiveness in its profit-sharing practices. While $406 billion flowed through the App Store in 2024, a substantial portion bypassed Apple's commission structure due to the nature of transactions such as physical goods, services, and ad revenue.
The study conducted by Boston University professor Andrey Fradkin and economist Dr. Jessica Burley underscores the exponential growth of the App Store, nearly tripling in size since 2019. The earnings for US developers have more than doubled during this period, signaling a thriving ecosystem for app creators and businesses of all sizes.
With a focus on providing innovative tools and support, Apple's CEO Tim Cook emphasizes the company's commitment to empowering developers worldwide to elevate their apps and deliver transformative experiences to users.
