Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

Apple's App Store ecosystem generated $1.1 trillion in 2022

Apple has recorded a significant milestone in its App Store ecosystem which generated $1.1 trillion in total billings and sales in 2022, an estimated 29% growth year-over-year. According to the technology giant, App Store developers generated $910 billion in total billings and sales from the sale of physical goods

Yusuf Balogun profile image
by Yusuf Balogun
Apple's App Store ecosystem generated $1.1 trillion in 2022
Photo by Chris Nagahama / Unsplash

Apple has recorded a significant milestone in its App Store ecosystem which generated $1.1 trillion in total billings and sales in 2022, an estimated 29% growth year-over-year.

According to the technology giant, App Store developers generated $910 billion in total billings and sales from the sale of physical goods and services, $109 billion from in-app advertising, and $104 billion for digital goods and services.

The results represent a significant increase from 2019 data when Apple said the App Store had enabled $519 billion in commerce, with digital products and services accounting for $61 billion of that total. Besides, the firm further added that iOS app developers have earned more than $320 billion on the App Store from 2008 to 2022, compared to the $260 billion reported in 2021.

This significant growth can be attributed to Apple's track record of building strong developers with resilient growth. A typical example of this is the company's Mindstep Brain & Mental Health App used for clinical care of brain and mental health. With $394.3 billion in 2022 revenue, Apple is the world's largest technology company by revenue.

Yusuf Balogun profile image
by Yusuf Balogun

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More