Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for the ‘app store’ Category

Apple’s Golden Eggs

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Good morning and Happy Tuesday.

Here’s hoping you got everything you wished for on Black Friday and Cyber Monday.

I bought some coffee, which isn’t very cyber, I know, but hey, a man’s gotta have his caffeine.

You know who else might need some caffeine soon?

Tim Cook, CEO of Apple.

Yesterday, justices of the U.S. Supreme Court (hereafter referred to as “SCOTUS”) appeared open to letting a lawsuit proceed against Apple that accused it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to overpay.

According to a report from Reuters:

The nine justices heard an hour of arguments in an appeal by the Cupertino, California-based technology company of a lower court’s decision to revive the proposed class-action lawsuit filed in federal court in California in 2011 by a group of iPhone users seeking monetary damages.

The lawsuit said Apple violated federal antitrust laws by requiring apps to be sold through the company’s App Store and then taking a 30 percent commission from the purchases.

Reuters points out that while developers set the prices of their apps, Apple collects the payments from iPhone users and keeps 30 percent commission on each purchase. Developers earned more than $26 billion from the store in 2017, a 30 percent increase from the year before.

Goose. 

Golden.

Eggs.

Don’t.

Kill.

Written by turbotodd

November 27, 2018 at 9:49 am

Posted in 2018, app store, apple, developers

Tagged with , ,

App Store Up and Away

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Apple recently reported its latest update on the Apple App Store, reporting that iOS developers earned $26.5 billion last year.

A year ago that number was roughly $20B, so a growth rate of 33 percent.

But as Asymco’s post observes, Apple keeps 30 percent of revenue, so this figure doesn’t account for actual spending by customers.

Which would then assume a run rate of closer to $120B/year!

To put that in perspective, the $25B/year run rate is higher than the revenue of McDonald’s, and the App Store spend has gone up consistently by ~ $5B/year since 2011.

Read the full post about the iOS Economy here.

Written by turbotodd

January 15, 2018 at 9:45 am

Posted in 2017, 2018, app store, apple, iOS

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