An economic report published on Wednesday revealed that the value of transactions through Apple's App Store has grown by 29% annually, reaching $1.1 trillion. This growth is attributed to the sales of applications, subscription to paid digital services, application ads, and sales of actual goods and services in the online store, which increased by 90% compared to their value in 2019. Furthermore, the value of these transactions increased in 2021 and 2020 by 27% annually.
An economic report published today, Wednesday, showed the growth of the value of transactions through the App Store, the electronic store of the American electronics giant, Apple. This report is a testament to the success of the App Store, which has become a major source of revenue for Apple and a hub for millions of developers worldwide.
Apple CEO, Tim Cook, is scheduled to speak to Apple application developers next week during the annual Apple Developers Conference. During this event, he is expected to unveil a new mixed reality device that contains its own version of the App Store. This device will be the first new product category introduced by Apple since the iPad tablet or iPhone smartphone. It is a highly anticipated release that is expected to revolutionize the way we interact with technology.
The App Store has been a game-changer for the tech industry, providing a platform for developers to showcase their apps and reach a global audience. The growth of transactions through the App Store is a testament to the success of this platform and the value it provides to both developers and consumers. With the introduction of a new mixed reality device, Apple is set to take the App Store to new heights and continue to lead the way in innovation and technology.
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