Apple touts $400 billion economic impact of the App Store

A new Apple-funded study performed by Analysis Group says that the United States App Store “facilitated over $400 billion in developer billings and sales in 2024.” This marks 2.9x growth in the ecosystem since 2019, according to the study. In a press release today, Apple touted: Apple today announced the App Store ecosystem in the U.S. facilitated $406 billion in developer billings and sales in 2024, according to a study conducted by Professor Andrey Fradkin from Boston University Questrom School of Business and economist Dr. Jessica Burley from Analysis Group. Importantly, for more than 90 percent of the billings and sales facilitated by the App Store, developers did not pay any commission to Apple. Over the last five years, the size of the App Store ecosystem has nearly tripled from $142 billion in 2019 to $406 billion last year, and earnings for U.S.-based developers also more than doubled. Small developers in particular have done exceptionally well as their earnings increased by ... Read full article.