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Apple's App Store sales soared 40pc to $28.5bn last year
Topic Started: 6 Jan 2017, 06:11 PM (537 Views)
Rufus
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Apple's App Store sales soared 40pc to $28.5bn last year
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Apple took nearly a quarter of a billion dollars in app purchases on New Year’s Day, marking its busiest ever day on the App Store and capping off a record-breaking 2016.
The technology giant said customers splashed out nearly $240m (£193m) worldwide on January 1 on apps for phones, tablets, watches and other devices.

The world’s biggest company continues to grow rapidly, managing to eclipse the $144m in app sales it generated on the first day of 2016.

Developers who sold apps through the store made a total of $20bn in 2016, a rise of 40pc on the prior year and double the sums generated two years ago, according to Apple. The company's 30pc cut suggests the total amount spent on apps was around $28.5bn.

The App Store now offers 2.2m apps, ranging from one-man start-ups to gaming giants. Developers have flocked to the platform, with the number of apps soaring by a fifth in the last year alone.

The US firm does not reveal exactly how much of its own earnings come from the App Store. Its results for the year to September 2016 showed that its services division generated net sales of $24.3bn; this includes income from apps, music, licensing and Apple Care policies.
The most-downloaded app on January 1 this year was Super Mario Run, one of Nintendo’s first forays into smartphone gaming, which is free to use but costs £7.99 to unlock fully.

Mario’s latest outing has recently replaced Pokemon Go, another game in the Nintendo stable, at the top of the charts.
Even apps that customers download for free can produce income through one-off purchases and regular subscriptions. Apple said subscriptions to services such as Netflix, Tinder and Spotify generated payments worth $2.7bn last year, an increase of 74pc on a year ago.

Apple has come under scrutiny this week for pulling the New York Times app from the store in China, after a request from the Chinese authorities.

The company’s iBooks and iTunes Movies stores have been blocked in the country since April, just months after they were launched, as Beijing clamps down on any online services seen to threaten national security.
Edited by Rufus, 6 Jan 2017, 06:12 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Trollie
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How much tax do you think they paid on that?

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zaph
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Trollie
6 Jan 2017, 09:18 PM
How much tax do you think they paid on that?

1 cent
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Rastus2
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Trollie
6 Jan 2017, 09:18 PM
How much tax do you think they paid on that?

Well it was $85 million in 2015, so there is an indication (based on 8 Billion revenue in Australia).

Despite very good sales, their revenue in 2015 was down to only $123 million, from $171.5 the prior year... poor guys... they might have over cooked the books there.


Edited by Rastus2, 6 Jan 2017, 11:21 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Trollie
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Rastus2
6 Jan 2017, 11:20 PM
Well it was $85 million in 2015, so there is an indication (based on 8 Billion revenue in Australia).

Despite very good sales, their revenue in 2015 was down to only $123 million, from $171.5 the prior year... poor guys... they might have over cooked the books there.

There's certainly an issue with companies that invest nothing in an economy, create almost no jobs and proceed to extract billions while paying no tax on their sales.

I'd expect action in this space in the next few years while baby boomer pollies are replaced with more gen-x and gen-y's who understand the internet a bit better.
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