The App Store is a major source of revenue for Apple and it continues to grow further as the number of apps grow day by day. The division also makes up for a good chunk of profits for the company. However, Apple has never revealed the exact revenue and profit figures of the App Store.
Apple’s ongoing battle with Epic Games revealed that the App Store had a profit margin of 78% in 2019, according to Bloomberg. The global tech company, however, told senators that the company does break down revenue and profit figures for its products and services separately.
Profit margins increased from 2018 to 2019
The App Store margin figure was revealed by Epic Games expert witness Ned Barnes. According to Barnes, the App Store had a profit margin of…