Apple’s App Store Made $64 billion in Revenue in 2020

Apple’s App Store made $64 billion in revenue in 2020. This represents a good amount of growth for the App Store since the estimated increase between 2018 and 2019 was only 3.1 percent. This represents a good amount of growth for the App Store since the estimated increase between 2018 and 2019 was only 3.1 percent

Apple now only takes a 15 percent cut from developers who make under $1 million a year from the App Store. That isn’t likely to have a huge change on the revenue estimates, as analysts have approximated that the top 2 percent of App Store developers generate 95 percent of the revenue. Apple reports how much money it has paid out to developers since 2008. CNBC used that to calculate the App Store revenue number by subtracting last year’s number from this year’s, then it accounts for Apple’s 30 percent cut

While the numbers may be a little rough, Apple doesn’t self-report them, so all we can do is get close. Regardless, there are two things that are hard to argue: the App Store’s revenue grew by quite a bit this year, and it brought in a lot of money for both developers and for Apple. The company takes a 30 percent cut of most of the money coming in to the App Store.

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