Apple broke record as App Store earns $386m in a day in 2020
Apple concluded a lucrative year and started the new one off with a huge bang on day one.
The App Store revenue for 2019 was record breaking and so was the amount earned just between Christmas Eve and New Year – $1.42B. Apple paid developers $38B in 2019, a quarter of what they’ve earned since the App Store launched in 2008 – $155B. Developers were paid $34B in 2018.
Meanwhile Apple started off 2020 with a record-breaking $386M earned from the App Store on New Years Day – a 20% increase over last year.
It was a big year for Apple services with the launch of Apple TV+, News+ and Arcade. Combined with Apple Music and Apple Pay, the iPhone maker is looking to shift its business model more towards services.
Apple didn’t detail the numbers each individual service brought but shared that the Apple TV app is coming to LG, Sony and VIZIO smart TVs and that contactless transit is coming for Apple Pay users in Washington DC, Shenzhen and Guangzhou.
Apple at a glance
The one of the top four IT companies, American giant and a multinational technology company is headquartered in Cupertino, California, the company designs, develops, and sells consumer electronics, computer software, and online services.
The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, the AirPods wireless earbuds and the HomePod smart speaker.
Apple’s software includes the macOS, iOS, iPadOS, watchOS, and tvOS operating systems, the iTunes media player, the Safari web browser, the Shazam acoustic fingerprint utility, and the iLife and iWork creativity and productivity suites, as well as professional applications like Final Cut Pro, Logic Pro, and Xcode.
Its online services include the iTunes Store, the iOS App Store, Mac App Store, Apple Music, Apple TV+, iMessage, and iCloud. Other services include Apple Store, Genius Bar, AppleCare, Apple Pay, Apple Pay Cash, and Apple Card.