China Knocks Off US And Japan As The Biggest Apple App Store Spender
A recent report from research firm App Annie reveals that China is the biggest spender on American tech giant Apple's iOS App Store. The latest figure from the third quarter this year shows a significant increase from the same time period last year. This allows China to get ahead of the US and Japan.
China Ends US Reign In The App Store
According to App Annie's report, the US had been the country that spent the most on Apple's App Store since 2010. Now, China has knocked off both US and Japan from their places based on the report that covered the third quarter of this year.
It's not that the App Store revenue from the US and Japan have decreased. In fact, Americans have spent $1.45 billion compared to last year when it barely made over the $1 billion mark. On the other hand, Japan has been consistently a little bit further behind the US.
China Breaks iOS Revenue Records
App Annie shared that China is currently the largest market for Apple's iOS App Store. The said revenue amounting to a record $1.7 billion is 15 percent higher than that of the US. The firm is expecting a major increase in those numbers by 2020.
Apparently, Games, Entertainment, and Social Networking have contributed to the said growth. The revenues from the Entertainment and Social Networking have risen three to four times from the third quarter of 2015.
A Good News For Apple
Apple can now use this to further their market in China. This good news may make up for the hardware revenue decline in China this year. According to the Variety, Apple's sales is dropping 33 percent year-over-year.
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