Apple’s App Store Sets Record Breaking Numbers

App Store

The Cupertino company started the year off strong with its App Store. According the company’s recent post on its blog, the App Store saw record breaking numbers on New Year’s Day.

On Thursday, Apple revealed that it had an App Store revenue of $28.5 billion. Contributing to that figure, on New year’s day, the company saw a record-breaking $240 million in customer purchases making it the”App Store’s busiest day ever”.

In addition to the record breaking sales, developers have earned over $20 billion in 2016 which is 40 percent more from 2015. In total, developers have earned over $60 billion since the launch of the App Store in 2008. China’s Tencent and NetEase were the top two highest-earning developers in 2016, followed by Finland’s Supercell.

There’s speculation that from these figures, the App Store revenue topped $28.5 billion, meaning Apple collected nearly $8.5 billion based on its 30 percent share of the sales. A few months ago, Apple changed the terms for subscription purchased through its App Store so that after 12 months Apple will drop the fees from 30 percent to 15 percent.

So, what was Apple’s top grossing apps? According to the report, the top apps of the year were Monster Strike, Fantasy Westward, Clash Royale and Pokemon Go, while Super Mario Run stole the spotlight and was the top downloaded app on Christmas and New Year’s Day.

“2016 was a record-shattering year for the App Store, generating $20 billion for developers, and 2017 is off to a great start with January as the single biggest day ever on the App Store,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “We want to thank our entire developer community for the many innovative apps they have created – Which together with our products – help to truly enrich people’s lives.”

Apple also saw an increase with the App Store’s subscription billings which is up 74 percent from 2015 making the grand total $2.7 billion for 2016. Among the top subscription-based apps were HBO Now, Netflix, Tinder and MLB At Bat.

Apple now offers more than 2.2 million apps in the App Store which is up 20 percent from last year.

Source info: Apple