App Store developers generated $1.1 trillion in total billings and sales in the App Store ecosystem in 2022
In a groundbreaking development for the tech industry, Apple announced today that developers on the App Store generated a staggering $1.1 trillion in billings and sales in 2022 alone. This milestone, revealed in an independent study conducted by economists from Analysis Group, solidifies the App Store's position as a thriving and resilient ecosystem. The study showcased the remarkable growth of the App Store, with billings and sales facilitated by the platform experiencing a remarkable 29% year-over-year increase. This growth trend underscores the exceptional opportunities available to developers worldwide. Moreover, an astounding 90% of the billings and sales were accrued solely by developers and businesses, without any commission paid to Apple. The report further shed light on the positive impact of the iOS app economy, indicating that it now supports over 4.8 million jobs across the United States and Europe. This figure, as revealed by the Progressive Policy Institu...