Saturday, December 14, 2024
DeveloperNews

Apple China: 95% of the revenue the country’s app store generated last year was paid to Chinese developers

Apple China says 95% of the revenue the country’s app store generated last year was paid to Chinese developers.

Apple China has published an article on its official website that cited a report by a Shanghai University of Finance and Economics researcher, saying that the local App Store paid over 95% of the 3.76 trillion yuan (about US$519 billion) in revenue it generated last year to Chinese developers and various companies, reports the South China Morning Post.

“We’re proud that the investments we make in the App Store have helped it become a powerful growth engine for local businesses of all sizes,” Apple CEO im Cook wrote on the Chinese microblogging platform Weibo. He said that the company is committed to the success of entrepreneurs across China.

Apple China’s report said that most Chinese developers don’t have to pay App Store commissions. For those who do, half were paying a discounted rate of 15 per cent last year, according to the study.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.