Apple app store makes more money from Chinese markets than from the U.S.

October 22, 2016, 9:48 am
Apple app store makes more money from Chinese markets than from the U.S.
BUSINESS NEWS
BUSINESS NEWS
Apple app store makes more money from Chinese markets than from the U.S.

Apple app store makes more money from Chinese markets than from the U.S.

Apple app stores from China began providing the highest revenue pushing down the revenue from the U.S. China is now becoming Apple’s most favourite and profitable market for its apps.

China accounted for $1.7 billion in total iOS revenue during Q3 2016, according to a new report from app analytics firm App Annie. Earlier China shot up in terms of games alone but now China is gaining in all categories.

The U.S. market now brings in 15 percent less revenue than China, and growth in the Asian country is expected to continue climbing drastically through 2020.

Games now make up to 75 percent of App store revenue. Entertainment and social networking apps are starting to make huge leaps, though, Revenue in those two categories have tripled over last year’s numbers. Video-streaming apps are also taking off in China.

Pokémon Go was the most popular app on the App Store this year worldwide. Other top apps included Uber, Messenger, WhatsApp, Facebook, Hero MOBA (China), YouTube, Instagram, Snapchat and Google Maps.