Through the App Store, Apple made a total of $64 billion in revenue in 2020, which exhibits a 28% rise from an approximate $50 billion that the company brought about in 2019.
This rise in last year shows a significant amount of rising in the App Store based on the estimated rise between 2018 and 2019 and had only been 3.1%. The exact reason for this growth has not yet been determined but the reason might be that a lot of games had been bought online during the worldwide coronavirus pandemic which led to a lockdown.
The service revenue and the money made from the App Store are put together when Apple’s revenue has been reported.
A 30% cut is taken by the tech giant from the App Store, which at the end of the day, constitutes to billions of dollars of revenue.
Apple reports the amount of money that has been paid out to developers, every year since 2008. This is then calculated the App Store revenue number which is subtracted from the previous year’s number from this year, which is estimated to the 30% cut.