Gaming Drives Profit for Apple: App Store Earns $11 Billion in Q3 of 2020

Apple's App Store has become a gold mine for gaming, earning the tech giant a whopping $11 billion in the third quarter of 2020. A recent report by App Annie, a mobile app data and insights platform, highlights how gaming continues to be a major revenue driver for the App Store. The App Store has 9 billion downloads at the time of Q3 2020, with 2.6 billion of them being gaming downloads.

Major Contributors to Apple's Profit

The report suggests that South Korea and India are the major contributors to Apple's earnings, with a 20% increase in downloads in Q3 2020. However, the US and Japan remained the top two downloads for all apps in Q3 2020.

Gaming Downloads Drive Profit for Apple

While people may download fewer games on iPhones, they tend to spend more time on the games they do download. In contrast, the Play Store had 11 billion downloads in Q3 2020, accounting for 80% of Google's total app income. The average weekly downloads in mobile games across the app stores hovered around 1 billion for Q2 2020, an increase of 15% compared to the previous year. The quarter also saw 33 billion apps downloaded, with over 180 billion hours of app users across the world.

Gaming: A Serious Business for Apple

The App Annie report shows that gaming has become a serious business for Apple, surpassing Google in terms of profitability. The gaming industry has been growing rapidly, driven by the rise of mobile gaming, and Apple has been capitalizing on this trend. The App Store has become the go-to platform for gamers, and with its user-friendly interface and seamless integration with iOS devices, it is no surprise that Apple is reaping the rewards.

The Future of Gaming on Apple's App Store

As the gaming industry continues to grow, Apple's App Store is well-positioned to benefit from this trend. The App Store's user base is expected to continue expanding, and with the release of the iPhone 12, Apple is set to further capitalize on the gaming market. The iPhone 12 features a powerful A14 Bionic chip, which promises to deliver a seamless gaming experience.