Business

Apple touts App Store economy as its clout challenged

Study released as Epic Games trying to break company’s tight grip on store

Updated 5 years ago · Published on 03 Jun 2021 11:30AM

Apple touts App Store economy as its clout challenged
About 90% of total billings and sales facilitated by the App Store ecosystem last year occurred outside of the App Store, meaning that Apple collected no commission on those sales, according to a study. – AFP pic, June 3, 2021

SAN FRANCISCO – Apple said yesterday its App Store “ecosystem” surged last year, fuelled by pandemic-hit consumers seeking to stay connected for work, school and play.

Apple spotlighted an independent study by Analysis Group indicating billings and sales of digital and physical goods as well as advertising “facilitated” by the App Store worldwide last year was up 24% from 2019 to US$643 billion (RM2.6 trillion).

“The apps we’ve relied on through the pandemic have been life-changing in so many ways – from groceries delivered to our homes, to teaching tools for parents and educators, to an imaginative and ever-expanding universe of games and entertainment,” Apple chief executive Tim Cook said in a release.

“The result isn’t just incredible apps for users: it’s jobs, it’s opportunity, and it’s untold innovation that will power global economies for many years to come.”

The Global Perspective on the Apple App Store Ecosystem study focused on small developers with fewer than a million downloads and less than US$1 million in earnings last year.

About 90% of total billings and sales facilitated by the App Store ecosystem in 2020 occurred outside of the App Store, meaning that Apple collected no commission on those sales, according to the study.

Release of the study comes as US District Court Judge Yvonne Gonzalez Rogers mulls evidence presented during a trial in which Epic Games is trying to break Apple’s tight grip on its App Store, and potentially disrupt the entire mobile ecosystem.

Epic, maker of the popular Fortnite video game, is seeking to force Apple to open up the App Store to third parties seeking to circumvent Apple’s procedures payment systems and its commission as high as 30% in the process. – AFP, June 3, 2021

Related News

Opinion / 3mth

The 'Age of Apps': Making daily life easier, not harder

Culture & Lifestyle / 1y

Apple rumoured to be launching foldable iPhone next year

Malaysia / 1y

Too many parking apps? Sabah motorists struggle with multiple systems

World / 2y

Apple to pay RM115 mil settlement over discrimination allegations

Tech / 2y

A new iPhone is coming, but what else might Apple’s event bring?

Tech / 2y

Could smart rings soon be the latest trend in tech?

Spotlight

Malaysia

PM Anwar – ‘Rather a torn shirt, than …’ (video)

By Alfian Z.M. Tahir

Malaysia

After years of abandonment, Highland Towers to be demolished before year end

Malaysia

PH seat distribution finalised, PKR to contest 20 Johor PRN seats, 16 in Negeri

Malaysia

Rosmah Mansor denies viral allegations, lodges police report

Malaysia

Four arrested after maid abuse footage exposes alleged pattern of domestic worker mistreatment

Malaysia

Muhyiddin's 'congratulatory' message to Hamzah a fake

Malaysia

Hamzah Zainudin launches new political party, Parti Wawasan Negara

Malaysia

Disturbing video of alleged employers assaulting their helper goes viral (video)

You may be interested

Business

Dollar slides as US-Iran peace breakthrough sparks global risk rally

Business

Singapore-based Galatek Technologies sets up production hub at Prai Industrial Estate

By Ian McIntyre