Tik Tok achieves fantastic profits and defeats Apple and Google


 

The famous Chinese application, Tik Tok was at the forefront of the most revenue-generating applications during the first half of the year, as global expenditures by users of mobile applications reached maximum levels in the first quarter, reaching 65 billion dollars,


According to a study by Sensor Tower for studies, the revenues of the electronic stores of Apple and Google rose in parallel with the growing criticism from many developers of the two giant groups against the background of the strict conditions they impose on their platforms.


Preliminary figures for Sensor Tower showed that $41.5 billion was spent on Apple's App Store and $23.4 billion on Google Play between January and June. These results reflect an increase of 25% compared to the same period last year.


The short video platform Tik Tok is at the forefront of the most revenue-generating applications with $920 million during the first half of the year, an increase of 74% compared to the first half of 2020.


The app is ahead of Google's YouTube service, with users spending about $565 million. Revenue from video games was $44.7 billion (up 18%) between January and June.


Although consumer spending on mobile games is progressing at a slower pace compared to last year, this does not reflect a slowdown in the sector, but rather a return to normal after the interest reached a maximum level due to the exceptional circumstances caused by the Covid-19 pandemic, according to what Sensor Tower announced.

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