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Apple App Store Enables ₹44,447 Cr Billings in India
Hindustan Times West UP
|April 29, 2025
Apple on Monday released a new study saying that the App Store ecosystem in India facilitated ₹44,447 crore ($5.31 billion) in developer billings and sales in 2024.
NEW DELHI:
The study — conducted by Professor Viswanath Pingali from the Indian Institute of Management Ahmedabad — showed that more than 94% of that revenue accrued solely to developers and businesses, without any commission paid to Apple.
The study showed that over the last five years, the global earnings of India-based developers have tripled, highlighting the tremendous business opportunity and global reach the App Store provides.
"The App Store has been an economic miracle for developers in India and all around the world, and we're thrilled to support their work," Tim Cook, Apple's CEO said in a release.
This study underlines the power of India's incredibly vibrant app economy, he added.
"And we're committed to keep investing in the success of developers of all sizes as they build apps that make an important impact and enrich people's lives," according to him.
Dit verhaal komt uit de April 29, 2025-editie van Hindustan Times West UP.
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