Apple pumps out $64 bn revenue from App Store
By MYBRANDBOOK
Apple through its App Store in 2020 reportedly made a total of USD 64 billion in revenue showing 28% increase from an estimated USD 50 billion that the tech giant generated in 2019. According to a American technology news website, The Verge, this growth in 2020 represents a good amount of growth for the company's App Store because the estimated increase between 2018 and 2019 was only 3.1%.
Though difficult to determine the exact reason for this spike in growth, a sharp increase in growth can be attributed to the fact that people did purchase more games online owing to the worldwide lockdown due to the Covid-19 pandemic.
When Apple reports on its revenues, it lumps the money it makes from the App Store along with its services revenue, which turns out to be by far its fastest-growing category. The company takes a 30% cut of most of the money coming into the App Store, which, while there are caveats and exceptions, represents billions of dollars of revenue.
According to The Verge, Apple typically guards its take carefully, despite recent pushback from developers like Hey.com and even legal challenges from Epic. Every year, Apple reports how much money it has paid out to developers since 2008.
Tata to come up with 2 more Semiconductor factories in Gujarat
In order to meet demand for chips both domestically and internationally, T...
Bharti Airtel to reportedly reinvest in 4G gear from Ericsson,
Bharti Airtel is issuing orders worth around $1 billion to Ericsson, Nok...
Lenovo commences AI-enabled GPU server manufacturing and launc
Lenovo announced the establishment of high-performance AI server manufactu...
IBM expands its FinOps portfolio with acquisition of Kubecost
IBM has acquired Kubecost, a leading FinOps startup specializing in Kuber...
VVDN TECHNOLOGIES
HP INDIA SALES PVT. LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
STERLITE TECHNOLOGIES LTD.
ICONS OF INDIA : SRIDHAR VEMBU
Sridhar Vembu is the chief executive officer (CEO) of Zoho Corporation...
Icons Of India : AMIT CHADHA
Amit Chadha serves as the CEO and Managing Director of L&T Technology ...
Icons Of India : MADHABI PURI BUCH
Madhabi Puri Buch is the first-female chairperson of India’s markets...
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
C-DAC - Centre for Development of Advanced Computing
C-DAC is uniquely positioned in the field of advanced computing...
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - Anirudh Devgan , President, Cadence Design
Anirudh Devgan, the Global President and CEO of Cadence Design Systems...
Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant
Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...