Apple's App Store helped generate $519BILLION last year – more than the GDP of most countries

APPLE'S App Store ecosystem helped generate a staggering $519billion (£412billion) globally last year.

The enormous figure is higher than the GDP of most countries around the world – and reveals how reliant on apps we've become.

The App Store launched back in 2008, and had just 500 apps.

Now there are millions of apps available, including games, delivery services and streaming platforms.

And all of the money generated with help from the App Store totals more than half a trillion dollars, according to a study by economists at the Analysis Group.

Importantly, not all of this money goes to Apple – with around 85% of the cash falling in the hands of third-parties, like developers and businesses.

"The App Store is a place where innovators and dreamers can bring their ideas to life," said Apple chief Tim Cook.

"And users can find safe and trusted tools to make their lives better.

"In a challenging and unsettled time, the App Store provides enduring opportunities for entrepreneurship, health and well-being, education and job creation, helping people adapt quickly to a change world."

According to the study, sales of physical goods and services accounted for the largest share – at $413billion.

In-app advertising also accounted for $45billion, and 44% of that came from video games.

There were some major wins for mobile gaming in 2019, including Mario Kart Tour – the most downloaded game last year.

And app-related successes from almost every sector imaginable led to Apple helping generate $519billion in 2019.

To put that into perspective, only 23 countries have a GDP of more than $519billion.

Those generating less than the App Store ecosystem include Belgium, Austria and Norway.

Apple App Store – money generated in 2019

Here are the estimated billings and sales…

Digital Goods and Services – $61billion

Physical Goods and Services – $413billion

  • Generate Retail – $268billion
  • Travel – $57billion
  • Ride Hailing – $40billion
  • Food Delivery – $31billion
  • Grocery – $14billion
  • Digital Payment – $4billion

In-app Advertising – $45billion

  • Gaming – $20billion
  • Non-gaming – $25billion

Total: $519billion

Apple's App Store turns 12 years old next month.

It came pre-loaded on the brand new iPhone 3G, and quickly became a hit.

Apple is largely credited with the popularisation of the term "app".

And the App Store is now available on a range of devices, including iPad and Mac.

The study was commission by Apple.

In other news, we reveal possible iPhone 12 designs posted online.

Apple could launch as many as nine new iPhone modelsthis year.

It emerged this week that the next iPhone series is on track for release in September.

And, Android users are being warned not to download a specific phone background as it could crash their device.

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