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647 98% of apps in Apple App Store account for just 8% of consumer spending

Business of Apps
Anne Freer @ Business of Apps · 11/25/2020 06:18 EDT

98% of apps in Apple App Store account for just 8% of consumer spending

A whopping 97.4% of apps in the Apple App Store represent just 7.6% of consumer spending falling under the $1 million annual threshold. That’s according to new data by mobile data and analytics expert App Annie. The latest findings are based on in-app earnings in 2019. It highlights that some 567,000 apps (around 93% of apps generating in-app revenues) are falling below that threshold. Meanwhile, 2.6% of developers accounted for 92.4% of consumer spending at annual turnovers above the $1 million mark. They

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