China beats iOS App Store records in Sept. quarter with $1.7B in revenue
China is now Apple's greatest source of revenue for the iOS App Store, after the country not only topped the U.S. in the third quarter but generated the highest-ever App Store revenue for any country.
China pulled in $1.7 billion, 15 percent more than the U.S., according to analytics firm App Annie. The U.S. had maintained dominance since 2010, but in the past year China's growth has accelerated dramatically, surpassing both the States and now third-place Japan.
App Annie attributed much of this to games, particularly Pokemon Go, which people were playing in China before it was even officially available there. The game has achieved "unprecedented global revenue," the firm said.
Other major categories have also seen surges though, at least tripling their revenue -- Entertainment, for instance, leapt from about $100 million to $350 million.
Chinese revenues are expected to continue climbing, despite the increasingly tough smartphone market. Local smartphone brands like Huawei and Xiaomi have beaten back the iPhone to a degree.
China pulled in $1.7 billion, 15 percent more than the U.S., according to analytics firm App Annie. The U.S. had maintained dominance since 2010, but in the past year China's growth has accelerated dramatically, surpassing both the States and now third-place Japan.
App Annie attributed much of this to games, particularly Pokemon Go, which people were playing in China before it was even officially available there. The game has achieved "unprecedented global revenue," the firm said.
Other major categories have also seen surges though, at least tripling their revenue -- Entertainment, for instance, leapt from about $100 million to $350 million.
Chinese revenues are expected to continue climbing, despite the increasingly tough smartphone market. Local smartphone brands like Huawei and Xiaomi have beaten back the iPhone to a degree.
Comments
That won't save Apple from a Wall St downgrade while MS gets a pat on the back.
No matter what Tim Cook and co does, Wall St will carry on using APPL as a shorting stock.
These New Macs had better beat the new Surface.
But seriously, that's why we have gold iPhones, because of China and India.
They're the new target audience now.
Would not be surprised if Apple products cater less and less to the upper middle class educated North American demographic.