Apple’s Chinese App Store paid out over $493 billion to developers in 2023, representing 95% of the total revenue generated.

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	Forwarded this email? Subscribe here for more Apple’s App Store in China paid over 95 percent of the $519 billion in 2023 revenue it generated to developers MacDailyNews Nov 20   READ IN APP   Apple’s Chinese App Store paid out over $493 billion to developers in 2023, representing 95% of the total revenue generated. South China Morning Post: ‎ Apple China on Monday published an article on its official website that cited a report by a Shanghai University of Finance and Economics researcher, saying that the local App Store paid over 95 per cent of the 3.76 trillion yuan (US$519 billion) in revenue it generated last year to Chinese developers and various companies. “We’re proud that the investments we make in the App Store have helped it become a powerful growth engine for local businesses of all sizes,” Apple chief executive Tim Cook wrote on Chinese microblogging platform Weibo. He said that the company is committed to the success of entrepreneurs across China. The report cited by Apple on Monday said that most Chinese developers do not have to pay App Store commissions. For those who do, half were paying a discounted rate of 15 per cent last year, according to the study. ‎ MacDailyNews Take: Apple’s App Store is a boon for developers. 15% is a pittance for all that the App Store delivers to developers. How much did it cost developers to have their apps burned onto CDs, boxed, shipped, displayed on store shelves prior to Apple remaking the world for the better for umpteenth time? Apple incurs costs to store, review, organize, surface, and distribute apps to over one billion users. — MacDailyNews, June 10, 2022 We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Upgrade to paid You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe