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Apple today announced that its App Store ecosystem generated $64.3 billion in sales and billing during 2020, a 24 percent increase over the same period last year. study results from independent study

Analysis slotxo Group economists found that developers who sell goods and services across multiple categories grow their businesses by reaching customers around the world. The app creators use their own creativity and passion. to help people stay in touch maintaining health While the App Store plays a crucial role in supporting developers to adapt to the challenges of the year. and bring new innovations come to people's lives

A new study, “A Global Perspective on the Apple App Store Ecosystem,” takes an in-depth look at how the App Store supports small businesses. which has become a booming and all-encompassing engine To drive opportunities for economies around the world As a result, the number of small developers worldwide has grown by 40 percent since 2015, comprising more than 90 percent of App Store developers. Has less than 1 million downloads and less than $1 million in revenue from all his apps. in the year of study

“App Store developers are proving every day that there is no market in the world to be creative. flexible And it never stops more than the app economy,” said Tim Cook, Apple CEO. Helping to change lives in many ways, from helping to deliver groceries to the home. to teaching tools for parents and educators. And the universe of games and entertainment that is beyond imagination and expands unceasingly. As a result, the end result is not just a great app for users, but a job, an opportunity and an innovation that has never been discussed. This will be the driving force of the global economy for many years to come.”

More than a quarter of small developers who sell digital goods and services on the App Store generate at least 25 percent average annual growth in their revenues each year. Over the past five years, nearly 80 percent of small developers on the App Store have been available on storefronts in many countries, and on average, these developers have earned users in more than 40 countries.

“To know that children in 174 countries have played our songs more than 500 million times means a lot to us. especially as a father,” says Aditya Mohatta. “This growth means we can create stable jobs for the people in our community. This made some of our team members buy their first homes. which is something that we are especially proud of because in india Buying a house is a very big step in a person's life and in this epidemic situation. We were able to donate food and medical equipment. Including oxygen generators for those who are in great need as well.”