Chinese customers driving the Apple App Store biz

iPhone sales may be slow in China, but Chinese customers are driving Apple’s App Store business. In fact, China accounted for nearly 50% of all app downloads in 2018, pushing the global downloads count to reach a record 194 billion, according to research firm App Annie — as noted by VentureBeat .

The country also accounted for nearly 40% of worldwide consumer spending on apps in 2018, the report says. Global consumer spending on apps reached $101 billion last year, up 75%  since 2016. And 74% of all money spent on apps last year came from games.