App Store Shatters Records on New Year’s Day – Apple (Jan 5, 2017)
These new numbers from Apple reinforce the sense that Service revenues, driven largely by the App Store, continue to be the company’s most consistent growth driver. Payments to developers were up 40% on 2015, for a total of $20 billion, while subscription billings alone were up 74% to $2.7 billion, or almost 10% of the total. That 40% year on year growth rate is fairly consistent over the past year or two, as the rise of IAP accelerated growth above levels in 2012-2013. All of this also reinforces Apple’s argument to Wall Street that Services will grow even as device sales falter.
via App Store Shatters Records on New Year’s Day | Business Wire
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