India's App Store ecosystem powers Rs 44,447 crores in developer sales, driving global growth
A new study conducted by Professor Viswanath Pingali from IIM Ahmedabad reveals that the App Store ecosystem in India generated Rs 44,447 crores ($5.31 billion) in developer billings and sales in 2024, with more than 94 percent of earnings accruing solely to developers. Apple published the study, highlighting the vast business opportunities and global reach provided by the App Store.
App Store ecosystem in India: Key findings
Indian developers' global earnings have tripled over the past five years.
In 2024, developers earned ₹38,906 crores ($4.65 billion) from physical goods and services, ₹3,014 crores ($352.9 million) from in-app advertising, and ₹2,527 crores ($302 million) from digital goods and services.
80 percent of India-based developers' earnings came from users outside the country, demonstrating their global impact.
What Apple CEO Tim Cook has to say
Apple CEO Tim Cook celebrated the App Store's role as an economic engine, describing it as a platform enabling developers to enrich lives through their innovative apps.
"The App Store has been an economic miracle for developers in India and all around the world, and we're thrilled to support their work,' said Tim Cook, Apple's CEO. 'This study underlines the power of India's incredibly vibrant app economy. And we're committed to keep investing in the success of developers of all sizes as they build apps that make an important impact and enrich people's lives.'
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around
Blinkist: Andrew Ng's Reading List
Undo
Developer success stories
Indian app creators have thrived on the App Store, with increased downloads and earnings from domestic and international audiences. Developers have built apps across categories like gaming, health, lifestyle, and quick commerce. Initiatives like the App Store Small Business Program and resources at the Apple Developer Center in Bengaluru further empower developers to create impactful apps.
Small developers, in particular, have been supported by Apple's ecosystem. The total
App Store earnings
of small developers increased by 74 percent between 2021 and 2024. Initiatives like the App Store Small Business Program, designed to support small developers, provide a reduced commission rate for these developers.
The study underscores Apple's commitment to fostering innovation and supporting developers in India's vibrant and growing app economy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
23 minutes ago
- Hindustan Times
USA Cricket declares bold new era, sets sight on full ICC membership, game-changing expansion plans around LA Olympics
From being the CEO of Cricket West Indies for seven years to now leading Major League Cricket (MLC), Johnny Grave's new mission could redefine the global cricketing order. And in less than half a year into his new role, the Englishman has hit the ground running. Grave has already overseen MLC's expansion to three active venues for 2025, pulling off a coup by securing the Oakland Coliseum as a host ground. 'We've got to be ready with cricket in America to capitalize on that, both in terms of the greater enthusiasm it will generate at the grassroots level, in the schools and the colleges, and also in terms of the fan base, and not making it just a one-off,' he told Cricbuzz. As MLC gears up for a pivotal few years with the LA28 Olympics on the horizon, Grave believes America is sitting on an untapped goldmine. But transforming that promise into permanence will take more than showpiece events. 'How do we take those fans from the Olympics and move them through into becoming really sticky and engaged cricket fans, and actually getting them to actively support our MLC teams and the US national teams, because we need those teams to build their own fan bases,' said Grave. Grave is also looking to reshape the grassroots structure and revenue model for Minor League Cricket (MiLC), which currently runs on personal investment from private owners. 'We have had really positive talks with the owners about redefining the business model for Minor League to help ensure it becomes more sustainable, both from a league perspective and the individual teams,' he said. 'There is definitely value within Minor League and we've seen that in the last few months, with ownership changing, different investors coming into the individual teams.' Player development is also at the heart of Grave's blueprint. With full-time earnings for the majority of American cricketers still meagre, his aim is to establish a structure where pursuing cricket professionally is financially viable. 'We've had really good discussions with the US players' union. We're probably going to be the first league in the US to sign an agreement with the players' union… what USA-based cricketers are earning now compared to their Associate Member counterparts would be significantly ahead of any other team,' he said. Grave believes USA Cricket could soon make a strong case for full ICC membership, if it fixes its governance flaws. 'I think USA Cricket already has a very compelling case to become an ICC full member… The one concern I think the game of cricket might have would be the ongoing governance challenges that the board has faced over pretty much all of its recent history,' he noted. His understanding of ICC systems, gained through his years at the helm of a full-member board, could be key in lobbying for a unique pathway. 'Certainly everything that we're planning to do with Minor League Cricket and expanding the academy network, and with MLC already a premier domestic T20 tournament on the global stage… it is only going to assist the case.' Grave isn't just building a league. He's helping awaken a sleeping giant. And if the plans take shape, American cricket may soon do more than just catch up—it might well start leading the conversation.
India.com
28 minutes ago
- India.com
Top 10 countries of world which are in China's debt trap, 3 of them are India's neighbours, their names are..., Bangladesh is not....
Chinese President Xi Jinping China's debt trap: We all have heard stories on how the People's Republic of China under the leadership of President Xi Jinping has offered 'unproductive' loans and later trapped them for not paying them on time but do you know the fact that three of India's neighbours are struck in China's debt trap. It is known in India that only countries like Sri Lanka and Pakistan have been influenced by the debt game of China but here is a list of countries which have been caught under its debt trap policy. Pakistan is one of the courtiers which has faced massive pressure of Chinese loans in the recent decade. As per the data of International Monetary Fund (IMF) data, Chinese debt accounts for 23% of Pakistan's total foreign debt. More notably, most of the Chinese debt to Pakistan is under the Under the China-Pakistan Economic Corridor (CPEC) initiative, where China has invested more than $65 billions since 2013. The second country on the list is Maldives. An archipelago nation in the Indian Ocean, Maldives has been in news for the anti-India activities due to the massive influence China has created in the country with its loans. The third country on the list is Laos. The South East Asian country has been under the debt influence of China as China has provided it with a large amount of debt, making it a large part of its GDP. Due to the vast availability of mineral resources, China's neigbour, Mongolia has also found itself heavy reliance on Chinese loans. The next country on the list is Djibouti, the Small East African nation which has taken massive loans for its ports and military base development, is now under China's debt trap. Next country on the list is a African country called Angola. The country took loans from China for oil and infrastructure development but is now under a trap. Other than these countries, Sri Lanka, Venezuela, Cambodia and Kenya are also among the countries which are in top 10 list of taking debt from China.
New Indian Express
28 minutes ago
- New Indian Express
Trinity's chariot parts to be auctioned at higher prices after Rath Yatra this year: SJTA
BHUBANESWAR: Devotees or organisations who wish to own a piece of the three chariots of the Trinity - Nandighosa, Debadalana and Taladhwaja - after the Rath Yatra will have to pay more this year. The prices have been significantly increased owing to the rising demand for the wooden wheels and decorative panels of the three chariots from devotees, organisations and industrial houses. The Shree Jagannath Temple Administration (SJTA) recently released an expression of interest and prepared a standard operating procedure (SOP) for allotment of the wheels, 'prabha', 'kona guja' and 'asuari' of the three chariots. The temple administration has fixed the offset (base) price for auction of each wheel of Lord Balabhadra's Taladhwaja at Rs 2 lakh, while it is Rs 1.5 lakh per wheel of Devi Subhadra's Debadalana and Rs 3 lakh per wheel of Lord Jagannath's Nandighosa. The base price for one wheel each of all the three chariots has been set at Rs 6 lakh. Similarly, while the price of 'prabha' of each chariot is Rs 25,000 each, that of both 'guja' and 'asuari' is Rs 15,000 each, this year. The cost of 'guja' and 'asuari' have also been increased by Rs 5,000 compared to last year.
