App Store sales soared past $28 billion in 2016


Apple revealed Thursday record-breaking figures for revenue for iOS app developers in 2016. Nearly $240 million were spent on the App Store on New Year's Day alone, according to the statement, turning it into the busiest ever day for Apple's online storefront.

The total revenue of the App Store topped $28.5 billion in 2016, with the lion's share ($20 billion) going to developers, and Apple collecting the rest via its 30 percent share of sales policy.

Apple's App Store now has some 2.2 million apps on display, and the revenue it generates has been steadily growing in the past few years. The most downloaded app on January 1 was Nintendo's new Super Mario Run, which recently replaced Pokemon Go in the top of the charts.

Despite the record numbers, App Store revenue in 2016 represents only a fraction of Apple's overall product and service sales, which totaled $215.64 billion during the fiscal year.

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via WSJ

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