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Apple’s App Store generated $1.3 trillion in global sales in 2024
- Apple's App Store ecosystem generated $1.3 trillion in developer billings and sales in 2024, with most developers not paying any commission to Apple.
- The study by economists Professor Andrey Fradkin and Dr. Jessica Burley highlighted the growth and monetization opportunities for developers on the App Store.
- Developer billings and sales for digital goods and services reached $131 billion, while sales of physical goods and services exceeded $1 trillion in 2024.
- The App Store facilitated global distribution, attracting over 813 million average weekly visitors worldwide.
- Regional growth trends in the U.S., China, Europe, and other regions showed substantial increases in digital payment spending, e-commerce, and online grocery orders.
- Apple invests in tools and capabilities to support developers, offering resources like Xcode, TestFlight, App Analytics, and opportunities for promotion.
- Apple Developer Academies and programs provide students and developers with coding, AI, and marketing skills to create innovative apps.
- Apple's annual Worldwide Developers Conference offers technical sessions and opportunities for developers to connect with Apple experts.
- The App Store, launched in 2008, has seen remarkable revenue growth over the years, reaching $1.3 trillion in 2024, up from $769 million in 2009.
- Apple continues to expand its services, including enlisting Tata Group for iPhone and MacBook repairs in India and acquiring WhyLabs, a Seattle startup focused on AI apps.
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