Apple app store revenues have grown 3500% in 10 years

Apple has grown tremendously in the past 10 years, with app store revenues rising an astronomical 3500% in that decade-long span.

@DeekeTweak
Published Tue, Mar 16 2021 1:17 PM CDT   |   Updated Thu, Apr 15 2021 5:28 PM CDT

A cursory glance shows that Apple's app store revenues have risen astronomically in the last 10 years, driven by massive consumer-level hardware adoption and widespread app access.

Apple app store revenues have grown 3500% in 10 years 34 | TweakTown.com

According to figures collected by journalist Jon Erlichman (sourced by Sensor Tower), Apple's app store earnings have spiked by 3500% in the last 10 years. In 2010, the app store made $2 billion, and in 2020 the digital marketplace raked in a whopping $72 billion. Over half of these earnings--roughly 66%, or $47.5 billion--was from games and in-game purchases sold on the storefront, Niko Partners analyst Daniel Ahmad said.

This services growth is attributed to increased access points from more hardware availability, as well as the recent emphasis on digital sales and content from COVID-19 lockdowns. Apple has yet to reveal official data on its app store revenues, but CEO Tim Cook affirmed the store grew throughout 2020.

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Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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