Tech

Apple’s App Store generated over a trillion dollars in billings and sales in 2022

There’s no way Steve Jobs would have believed that the device he described as An iPod, a phone, an internet mobile communicator all in one in January 2007 would create an ecosystem generating over one trillion dollars. It’s hard to fathom.

Thanks to a report by “The Analysis Group” we have an insight into just how that Trillion dollars comes about.

What we’re talking about here are billings and sales that come through apps developed for iPhone, but we’re not just talking about in-app purchases. These are subscriptions, the food you buy from delivery apps and so much more.

Staggeringly, the revenue from those things has grown 29 percent year on year! The year before it grew 27% and before that 27% also. This is a booming economy.

Apple CEO Tim Cook says “We’ve never been more hopeful about — or more inspired by — the incredible community of developers around the world,”

“As this report shows, the App Store is a vibrant, innovative marketplace where opportunity thrives, and we’re as committed as ever to investing in developers’ success and the app economy’s future.”

And it’s not just big business. Apple’s smaller developers are seeing great success, outpacing the grown of larger developers with revenue growth of 71 percent between 2020 and 2022.

Australia does ok, with $14 billion in revenue generated by Aussie developers, but that’s a drop in the ocean compared to China.

Check out this table from the report.

China’s contribution is 50% of the total, with 36% of the total $1.1 Trillion being spent on “General Retail” within China.

I’ve looked through the 32 page report, and don’t see a clear definition of General Retail – perhaps China is doing something far more with “shopping” than we do. Regardless, researchers are crediting the App Store with this revenue.

Even for Australia, $14 billion in revenue, from sales generated via apps and the iPhone is something staggering.

At a time when Apple continues to be bombarded with criticism over it’s 30% commission structure, perhaps the most remarkable stat here is that of the $1,123 TRILLION in revenue, more than 90% of that went soley to developers and business without any commission being paid to Apple.

Recent Posts

  • Tech

2026 will be the battle of “RGB” in TV technology – what. the. heck. is. that?

If you're still catching up on Quantum Dots, OLED, Mini LED and are thinking that…

11 hours ago
  • Tech

NBN gets set for the final roll out of Fibre upgrades to another 600,000 homes

The NBN is getting ready to lock in the final stage of the Fibre to…

17 hours ago
  • Motoring

The stunning new BMW iX3 is a vision for the future realised as Neue Klasse comes to market

BMW has revealed the first new model to be designed and engineered under their 2025…

19 hours ago
  • Tech

Best in Smart Home – The SwannBuddy 4K Video Doorbell with AI wins at the IFA Innovation Awards

The SwannBuddy4K Video Doorbell with SwannShield™AI Voice Assistant has been given an Honouree accolade for…

1 day ago
  • Tech

360 degree security camera coverage and smart AI capabilities come to Reolink security lineup at IFA 2025

Reolink is a bit of an upstart when it comes to home security but having…

1 day ago
  • Lifestyle

LG unveil its AI plans for your home appliances at IFA 2025

LG has announced its vision for AI-powered living at IFA 2025 under the moniker “LG…

1 day ago