Apple says App Store developers have earned more than $260 billion
App Store developers have earned more than $260 billion since the store launched in 2008, according to a Monday press release from Apple. Apple said last January that developers had earned more than $200 billion since the launch of the App Store, so the new figure shared Monday indicates developers earned $60 billion in 2021. The iPhone maker also said that spending on the App Store between Christmas Eve and New Year’s Eve in 2021 grew by a double-digit amount, though it didn’t specify exactly what that number might be.
While the new numbers suggest that the App Store continues to be a big moneymaker, developer unhappiness with the store is high at the current moment. Many developers have taken issue with what they see as restrictive store policies, particularly the 30 percent cut Apple takes from many transactions. Apple is still embroiled in a legal dispute with Fortnite-maker Epic Games over the App Store, and although Apple arguably got off well from the Epic Games v. Apple ruling, that ruling has been put on hold, meaning Apple won’t have to let developers point customers to alternative payment systems outside the App Store for the moment.
Monday’s press release also revealed that there are more than 745 million paid subscriptions to Apple services. In recent years, Apple has added new premium services like News Plus, Fitness Plus, and Apple TV Plus to its roster of services offerings. The strategy seems to be paying off, given the number of subscriptions reported Monday and the new all-time high for services revenue reported during the company’s latest earnings.