A new report about the App Store funded by Apple says that globally, the App Store economy hit $1.1 trillion in revenue last year.
,"The App Store ecosystem facilitated a groundbreaking $1.1 trillion in billings and sales worldwide in 2022." Before you open your phone's calculator to figure out what Apple's cut of this figure would be, the report makes a point of saying that more than 90% of that $1.1 trillion came from transactions that did not take place through the App Store.
The report notes that"The App Store has been a safe and secure home to a large and varied array of apps for 15 years. Users today have access to over 123 times more apps than they did at the end of 2008, and annual downloads on the App Store increased 15-fold between 2009 and 2022. Users have downloaded apps more than 370 billion times and developersThe App Store has been supporting new areas of the economy over the past 15 years.
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