Apple has paid nearly $320 billion to developers for selling their digital products and services since the introduction of the App Store in 2008. It comprises Apple Music, TV+, gaming, and other services, with over 900 million paying subscribers globally.
“This year, more people than ever visit the App Store in a safe and secure environment to discover & download the world’s most inventive and cutting-edge apps and games,” according to a blog post from the firm. The App Store is the lifeblood of a dynamic global economy, attracting over 650 million unique visits each week from 175 nations and territories.
“At Apple, we have the luxury of partnering with developers of all kinds while inventing developments and services that allow even more inventiveness.”
Our aim has always been to improve people’s lives & leave the world a more suitable place than we found it, but we recognise that it brings more than technical expertise,” said Eddy Cue, Apple’s senior vice president of Services.
Apple’s $78 billion in services revenue in fiscal 2022 was driven by the App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple Fitness+, iCloud+, and many more services. Service sector earnings grew to $19 billion in the third quarter of 2018, up from $18 billion in the same period the previous year.
Apple Music had a big year in 2022, with over 100 million tracks, or nearly the entire history of recorded music, available to stream. Shazam also celebrated its 20th anniversary and 70 billion Shazams the previous year.
According to Apple, over 40 million songs were identified by users in 2016, and over 1 million artists received their first Shazam. Shazam issued 17 new national charts and 58 new city charts to reflect this expansion, broadening its coverage of the world’s most discovered music to additional places worldwide.
Conclusion
Since the launch of the App Store in 2008, Apple has paid roughly $320 billion to developers for selling their digital products and services. Apple services such as Apple Music, TV+, gaming, and others currently have over 900 million paid subscribers worldwide.
