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Apple's App Store had gross sales around $50 billion last year, but growth is slowing – CNBC

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Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference (WWDC) in San Jose, California, U.S., on Monday, June 4, 2018. 

David Paul Morris | Bloomberg | Getty Images

Apple announced Wednesday that it has paid $155 billion to developers since 2008, up from $120 billion disclosed in January 2019. That means the company’s App Store had total sales maxing out at $50 billion in 2019, assuming developers take 70% of app sales, and generated about $15 billion in revenue for Apple, according to analysis by CNBC.

The statistic came as part of a broader announcement from Apple meant to show momentum for its so-called “services” business, which is increasingly seen by investors and analysts as a key segment for the iPhone maker. That business also includes subscription content services such as Apple Music and Apple TV+, iPhone warranties, and licensing revenue, such as the fee that Google pays Apple to make its search engine the default on the iPhone. Overall, the business generated revenue of $46.2 billion in the company’s last fiscal year, which ended Sept. 30, 2019.

Apple doesn’t disclose the total amount of revenue its App Store makes per year. But it has published stats about its App Store every January since 2013, including the total amount of money it pays to developers. Developers get 70% of the purchase price of an app on the App Store, rising to 85% in the second year of a subscription, which affects a relatively smaller proportion of apps. With that information, it’s possible to estimate total maximum App Store sales from the amount paid to developers.

Based on the stats Apple disclosed, it paid out $35 billion to developers in 2019, suggesting total sales of $50 billion.

At $50 billion in total sales per year, the App Store alone would be no. 64 on the Fortune 500, ahead of Cisco and behind Morgan Stanley.

But the annual disclosure also suggests that growth for the App Store is slowing. In 2019, Apple paid developers $35 billion, only 2.9% higher than the 2018 figure of $34 billion, and a significant slowdown from the payout’s 30% growth rate in 2017.

Apple disclosed several factoids related to subscriptions it launched in 2019, but it did not include any viewership statistics for Apple TV+, the streaming service launched earlier this fall, nor any subscriber statistics for Apple Arcade, its game subscription.

Other stats disclosed on Wednesday include:

  • App Store collected $1.42 billion in sales between December 24 and 31
  • The record for most revenue from one day on the App Store is $386 million, set on Jan 1 2020
  • 50% of Apple Music users have used a new lyric syncing feature
  • Apple News has over 100 million monthly active users in the U.S., U.K., Australia and Canada
  • Apple Podcasts has over 800,000 shows
  • 75% of iCloud users use two-factor authentication, a login method that makes it harder for attackers to control your account

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Everything We Expect at Samsung Unpacked, From Galaxy Z Fold 4 to Galaxy Watch 5 – CNET

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Samsung’s next Galaxy Unpacked event is scheduled for Wednesday, Aug. 10. We expect to see several new versions of the company’s flagship foldable phones and smartwatches to be revealed — but there’s always a chance for surprise launches of new devices.

The event invitation seen above, showing a Z Flip foldable phone, suggests we’ll see new versions of Samsung’s foldables. That fits with a previous leak from tipster Evan Blass predicting new versions of the Samsung Galaxy Z Fold 3 and the clamshell Samsung Galaxy Z Flip 3, which came out in August 2021. 


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Everything We Expect Samsung to Announce

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Don’t expect too many big advances with Samsung’s next foldables. Rumors suggest the tablet-size Samsung Galaxy Fold 4 may have a new hinge and slimmer build, but the leaker jury is out on whether it will include an S Pen slot like the Samsung Galaxy S22 Ultra. Other rumors predict that the foldable will pack the faster Snapdragon 8 Gen 1 Plus chipset, as well as a larger outer display that requires its own under-display camera to complement the one on the inner screen.  

The makeup compact-looking Samsung Galaxy Z Flip 4 could get a larger cover display, according to other rumors, which could make it far more useful for reading notifications and previewing selfie photos. 

Even if the new foldables have only incremental spec upgrades, the biggest improvement could be price. The Galaxy Fold 3 was cheaper than its predecessor at $1,800 (£1,599, AU$2,499) to start, which is still around twice as expensive as most premium smartphones. The Galaxy Z Flip 3 shockingly came in at $1,000 (£949, AU$1,499), or around the price of an iPhone 13 Pro, making it the most affordable foldable yet and a viable alternative to standard flat smartphones. 

But the upcoming Z Fold 4 and Z Flip 4 could be even cheaper, predicts analyst Ross Young, CEO of Display Supply Chain Consultants, who tweeted that Samsung ramped up production to churn out twice as many of the new foldables as last year’s models, suggesting a possible price cut. 

Read more: Here’s One Feature Samsung Could Use to One-Up Apple

In any case, we expect the new foldables to sell well, since the Z Fold 3 and Z Flip 3 sold more units in their launch month than were sold in all of 2020. With 88% of the more than 7 million foldables sold in 2021, Samsung is in a strong position to continue dominating the niche foldable market, which is expected to grow to over 27 million sold in 2025.

Samsung could launch other products to accompany the foldables, and the most likely is the Samsung Galaxy Watch 5. Rumors predict the next version of the premium smartwatch line could get a body temperature sensor and better battery life, as well as an updated design. Hopefully, it will also fix a glaring flaw in the Galaxy Watch 4 — no support for iPhones — as well as better integration of Wear OS 3, as we felt last year’s watch pulled between Google and Samsung’s ecosystems

There are other things Samsung could show off, like successors to the Galaxy Buds 2 earbud, tablets or laptops, but we haven’t heard many rumors suggesting any of those are likely to arrive. Still, we could easily be surprised with all eyes on the awaited foldables.

To encourage customers to reserve their phones early, from July 19 until August 10, Samsung is offering an extensive list of discounts based on different bundles, from a maximum of $200 off for those reserving a Galaxy phone, watch, and buds down to a minimum of $30 off for just reserving Galaxy buds. While this could be a hint at what’s coming at Unpacked, the savings could apply to older Galaxy Watch or Galaxy Buds models.

The event is scheduled to begin at 9 a.m. ET / 6 a.m. PT. CNET will be watching and covering the reveals.

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Samsung’s Galaxy Unpacked event: start time and how to watch – The Verge

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Samsung Galaxy Unpacked is set to begin on Wednesday, August 10th.

Leading up to the event, Samsung has left us with breadcrumbs about what they’re going to announce at their Galaxy Unpacked event. Leaks and other clues have revealed that Samsung may be announcing an updated foldable to match last year’s announcement and release.

We also have a guess that there might be some new Galaxy Watches to announce as Samsung released a reservation for a trade-in for the Galaxy smartphone, smartwatch, and earbuds.

When does the Samsung Galaxy Unpacked event take place?

The Samsung Galaxy event is set to take place on Wednesday, August 10th, 2022, at 6AM PT / 9AM ET.

Where can I watch the Samsung Galaxy Unpacked event?

We will have the livestream video embedded up top, so you can stick around here to watch when it begins. Otherwise, you can tune in to the Galaxy Unpacked livestream at Samsung.com, Samsung’s Newsroom, and Samsung’s YouTube channel.

We here at The Verge will also be covering the event. Be sure to follow @verge on Twitter and @verge on Instagram for live updates and other Samsung news.

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Samsung Galaxy Unpacked: How to watch Samsung announce its latest foldable phones – ZDNet

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Image: Samsung

On Wednesday, Samsung is expected to announce new foldable phones, wireless earbuds, and a new Galaxy Watch. If all of the leaks and rumors are true, that means we’ll see the Galaxy Z Fold 4, Z Flip 4, Buds 2 Pro and the Galaxy Watch 5 (and maybe even a Pro model). 

Who knows, Samsung could have other products lined up for announcement. We simply won’t know what all it entails until the livestream ends. 

When is Samsung Galaxy Unpacked?

The event kicks off early Wednesday, Aug. 10, with the livestream starting at 9 a.m. ET/6 a.m. PT. There isn’t an in-person element to the event as companies continue to stick to a virtual-only approach for product announcements. 

Here are the different international times for your reference:

  • New York: 9 a.m. ET
  • San Francisco: 6 a.m. PT
  • London: 2 p.m. GMT
  • Berlin: 3 p.m. CET
  • Mumbai: 9:30 p.m. IT
  • Tokyo: 11 a.m. JT Jan. 15
  • Sydney: 1 a.m. AEDT Jan. 15

How to what Samsung Galaxy Unpacked

If you want to tune in and watch the announcements as they’re made, then you’re in luck. Samsung is broadcasting the livestream across several different platforms. Here’s everywhere you can watch the official stream:

What to expect from Samsung Galaxy Unpacked

Samsung itself has dropped some major hints about what to expect from the announcement. Certainly, there are new foldable phones — likely the Z Fold 4 and Z Flip 4 — on tap to be announced. 

In addition to the new phones, Samsung’s Galaxy Watch5 appears set to get an upgrade, with a new Watch5 Pro model, which early leaks indicate will be more rugged and more of a competitor to Garmin’s line of smartwatches. 

Finally, Samsung’s Galaxy Buds Pro appear primed for an upgrade with the Buds 2 Pro adding new active noise cancellation features and a refreshed design to the company’s completely wireless earbuds. 

We’ll have full event coverage as Samsung’s latest Galaxy Unpacked event kicks off bright and early on Wednesday, Aug. 10. 

What’s something you’re hoping to see Samsung announce during the event? Let us know in the comments below.

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