Global app revenue hit $19.5 bn in Q1 2019: Report

Miraj81

[br] [br][br]New Delhi: People across the globe spent $19.5 billion on the Apple App Store and Google Play in the first quarter of 2019, according to a new report from Sensor Tower, a mobile app intelligence firm.[br][br]This represented a 16.9 per cent year-over-year increase. In the first quarter of 2018, the stores saw $16.7 billion combined gross consumer spend on in-app purchases, subscriptions and premium apps, said the report.[br]According to the analysis, dating app Tinder beat streaming service Netflix to claim the top revenue spot for the quarter.[br][br]Apple’s App Store accounted for around 64 per cent of revenue generated by the two stores last quarter, with consumer spending on the platform totalling $12.4 billion globally,” Randy Nelson, Sensor Tower’s Head of Mobile Insights, wrote in a blog post on Friday.[br][br]It represented a 15 per cent growth over the year-ago quarter, when spending reached around $10.8 billion on the App Store. “Google Play revenue grew 20.2 per cent YoY to $7.1 billion, about 57 per cent of the App Store’s total, up from $5.9 billion in the first quarter of 2018,” Nelson said.[br][br]However, Google Play accounted for nearly 74 per cent of the 28.1 billion first-time app installs in Q1 of 2019. The App Store’s total installs reached 7.4 billion in Q1, a 4.7 per cent decline from the same quarter last year, the analysis showed.[br][br]The decline could be attributed to reduced installs in China due to a government pause on mobile game certification, Sensor Tower said.[br][br]TikTok was the third most installed app globally during Q1 of 2019 across the App Store and Google Play, ranking behind only Facebook’s WhatsApp and Messenger at No. 1 and No. 2, respectively.[br][br][br]Thanks for reading!{:16_1:}

RAJUPILLAY2197

Nice share brother