Apple Inc. (NASDAQ:AAPL) is well known for its revenue generation capability. But it is unbelievable to think that Apple Inc. (NASDAQ:AAPL) generates around $10 billion from its app store in a year. IDC research report suggests that this revenue would be doubled by 2018 for Apple Inc. (NASDAQ:AAPL). $20 billion revenue in a year from just the App store by 2018 is huge for Apple Inc. (NASDAQ:AAPL). Mashable.com Senior Tech Analyst, Christina Warren talked on Fox Business about this report on Apple Inc. (NASDAQ:AAPL)’s app store revenues.
Warren said that the number from the report makes complete sense as we look at the number of apps that Apple Inc. (NASDAQ:AAPL)’s app store has in it.
“It makes sense if you think about how many apps are out there and how it has become such a huge part of how people get around today, especially when it comes to games and app purchases. So many sectors have apps now. There are ton of free apps, but there is ton of paid apps and people love them and I don’t think that it’s that crazy,” Warren said.
Out of the $20 billion revenue that will be generated by Apple Inc. (NASDAQ:AAPL) in 2018, around $14 billion will be shelled out to the app developers, which means that the remaining $6 billion is pure profit to Apple Inc. (NASDAQ:AAPL). Now we know how Apple Inc. (NASDAQ:AAPL) has become the company with highest market cap.
Apple Inc. (NASDAQ:AAPL) also holds the record for highest revenue generation from a quarter. Apple Inc. (NASDAQ:AAPL) generated around $18 billion revenues during the last quarter of 2014, which was mainly due to the incredible iPhone 6 sales.
Warren said that Apple Inc. (NASDAQ:AAPL) also has information of around half a billion credit cards through their app stores, which is just an add on. She suggested that Apple Inc. (NASDAQ:AAPL) could use this information as the credit card details are already there in Apple Inc. (NASDAQ:AAPL) ecosystem, which will simplify the job for Apple Inc. (NASDAQ:AAPL) when it comes to Apple Pay and Apple TV.
She pointed out that Apple Inc. (NASDAQ:AAPL) cannot do anything illegally with the credit card information that they have, but she said that users holding onto that credit cards are already included in the Apple Inc. (NASDAQ:AAPL)’s payment ecosystem, which make Apple Pay and Apple TV a simple job for Apple Inc. (NASDAQ:AAPL).
Disclosure: None.
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