Apple released a study showing its App Store added 1.3 trillion dollars to the world economy during 2024. The company faces pressure from European regulators who want fairer competition. Jessica Burley and Professor Andrey Fradkin conducted the research with Apple support. The findings show how much money flows through the app marketplace each year. Researchers looked at sales from millions of apps across different countries.
The App Store grew 253 percent since 2019 when it generated 514 billion dollars. China leads all regions with 539 billion dollars in sales. America ranks second at 406 billion dollars ahead of Europe at 148 billion dollars. Physical goods accounted for 1 trillion dollars of the total amount. Digital products brought in 131 billion dollars with advertising revenue reaching 150 billion dollars.
Apple claims it collects no commission from 90 percent of App Store transactions. Many app developers pay 30 percent of their revenue to Apple as fees. Critics argue these high rates hurt smaller companies trying to compete. The tech giant says its platform helps businesses reach customers worldwide. Regulators continue pushing Apple to change how it operates the App Store.
The App Store grew 253 percent since 2019 when it generated 514 billion dollars. China leads all regions with 539 billion dollars in sales. America ranks second at 406 billion dollars ahead of Europe at 148 billion dollars. Physical goods accounted for 1 trillion dollars of the total amount. Digital products brought in 131 billion dollars with advertising revenue reaching 150 billion dollars.
Apple claims it collects no commission from 90 percent of App Store transactions. Many app developers pay 30 percent of their revenue to Apple as fees. Critics argue these high rates hurt smaller companies trying to compete. The tech giant says its platform helps businesses reach customers worldwide. Regulators continue pushing Apple to change how it operates the App Store.
