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0 pointsandrewljohnson2y ago0 comments

Apple overall makes $100B, not the App Store.

0 comments

Thanks for pointing this out. App Store sales (not profit) for 2020 was estimated at around $64B. Apple apparently does not make the profits from the App Store public.

https://www.cnbc.com/2021/01/08/apples-app-store-had-gross-s...

heavyset_go2y ago

In 2019, their App Store profit margin was roughly 80%[1].

[1] https://www.bloomberg.com/news/articles/2021-05-01/apple-s-a...

HWR_142y ago

Since that $64 billion is gross revenue, their profit margin is trivially less than 30%, since they have to pay out 70+% to developers.

politician2y ago

I wouldn't be surprised if it was 99% profit. Operating a glorified FTP service isn't going to dent $64B in revenues.

brk2y ago

A glorified FTP service with an army of moderators. Still good margins I would suspect, but not just passive income.

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