In context: With more people spending their time glued to their mobile devices, information technology's no surprise the App Store growth accelerated in 2022. Apple is set to report earnings for the terminal three months of 2022, so it will exist interesting to see if that's likewise the example for iPhone, iPad, Mac, and accessories similar the Apple Watch and AirPods.

Apple revealed this calendar week that the App Shop saw tape spending of $i.eight billion during Christmas week, also as a new all-time high for New year's day of $540 one thousand thousand. This was fueled by streaming, messaging, and videoconferencing app, all of which saw a surge in usage amid the pandemic.

According to a CNBC report, the App Store grossed over $64 billion in 2022, which is a 28 percent year-over-year increase when compared to 2022. This is a bigger leap than the one seen from 2022 to 2022, when the App Store generated $48.5 billion and $fifty billion, respectively -- which is a more modest 3.1 percentage growth.

Apple does non report these specific numbers and instead they're lumped together with other revenue streams into "Services." The visitor says it made $53.7 billion in acquirement from that line of business for the fiscal 2022 twelvemonth, which ended in September. That's not enough to get a expert picture of the App Store, so CNBC used a different figure that Apple has been reporting since 2022 -- the corporeality of coin the company has paid to developers.

Based on those numbers, it's relatively easy to get a crude estimate of how much acquirement was generated by the App Store. Since Apple tree reported it's paid developers a total of $200 billion since 2008 and this is up $45 billion compared to the figure reported a year ago, this figure represents lxx percent of the full App Store sales. If you account for Apple's thirty percent cut, yous arrive at that $64.3 billion in gross acquirement.

Earlier this month, Apple tree started the App Store Minor Concern Program, in which developers that earn less than $1 million per year pay a reduced commission rate of 15 percent. This is unlikely to reflect on Apple'southward bottom line, but it might help iOS developers grow their businesses faster, which in turn could lead to an increase in overall App Store revenue.