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Apple's App Store is the only way for s to install apps on an iPhone or iPad
Apple paid out around $60 billion (roughly Rs. 4,43,300 crore) to developers in 2021, the company revealed in its latest App Store figures. The new figures show an increase in money paid to developers compared to previous years, which comes after Apple's decision to reduce the commission collected from smaller developers. The company also revealed that customers had spent “more than ever” on the App Store between Christmas Eve and New Year's Eve, without revealing the total spending by all customers during this period.
The Cupertino-based company revealed that developers had earned $86 billion (roughly Rs. 6,35,400 crore) since the App Store was launched, which suggests that the figure has grown by over $170 billion (roughly Rs. 12,56,000 crore) over the past four years.
As previously mentioned, Apple's figures on remuneration to developers demonstrate the growth in earnings from the App Store. In November 2020, Apple changed its App Store commission policy to collect 15 percent of sales for a “vast majority” of developers on the service, who earn less than $1 million (roughly Rs. 7.4 crore) in annual sales across their apps. Apple had also revealed that if a developer's business crossed the threshold the 30 percent commission would apply to them for the rest of the year.
The company also reiterated that there were 745 million subscriptions from s on the company's platforms, shared between App Store, which continues to rake in money for the company and developers, as the company's figures show. The company also revealed that spending by customers between Christmas Eve and New Year's Eve grew by double digits, but stopped short of revealing that number.
While Apple's figures show a large increase in money earned by developers, there is no way to tell how many developers benefitted from the increase. Apple has been facing increasing Epic Games after the latter was banned from the App Store over in-app purchases.
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