October 2, 2022
1 min read

Global app stores sales drop to $31.6 bn in Q3

TikTok saw approximately $914.4 million in consumer spending this quarter, bringing its lifetime total to roughly $6.3 billion, according to the report…reports Asian Lite News

Global consumer spending on in-app purchases, premium apps, and subscriptions on Apple App Store and Google Play declined by 4.8 per cent (year-over-year) to $31.6 billion in the third quarter (Q3), a new report showed.

App adoption also fell year-over-year, though not as sharply, declining by 1 per cent to 35.3 billion, according to Sensor Tower data.

Chinese short-form video app TikTok continued its reign as the top grossing non-game app worldwide across the App Store and Google Play combined.

TikTok saw approximately $914.4 million in consumer spending this quarter, bringing its lifetime total to roughly $6.3 billion, according to the report.

“TikTok was the No. 1 revenue-generating non-game app on the App Store, while on Google Play it came second to Google One, which maintained its No. 1 spot with a little more than $330 million,” it added.

The revenue generated on Apple’s marketplace was more than double that of Google Play’s, though it still fell 2.3 per cent YoY to $21.2 billion from $21.7 billion in the year-ago period.

Google Play saw a steeper decline as the store generated approximately $10.4 billion in consumer spending, down 9.6 per cent YoY from $11.5 billion in the third quarter last year.

TikTok was once again the most downloaded non-game app across both marketplaces, reaching approximately 196.5 million installs in Q3.

In the first half of 2022, Instagram was No. 1 by downloads on Google Play, but it traded that spot to fellow Meta app Facebook in Q3, which saw approximately 150.3 million first-time installs on the Android marketplace.

Consumer spending in mobile games declined even more steeply than non-game apps, with revenue for the category falling 12.7 per cent to $19.3 billion in the third quarter, the report mentioned.

Worldwide downloads of mobile games remained flat at 13.7 billion.

ALSO READ-Google receives 37,282 complaints from India in Aug

Previous Story

Britain’s crisis boils over into other markets

Next Story

SPECIAL: Is Pakistan a killing field for Chinese nationals?

Latest from Tech LITE

India’s AI Startup Boom Driven by SaaS Solutions

Rahul Agarwalla, Managing Partner at SenseAI, commented, “AI SaaS firms are already trading at 2X the multiple of a non-AI SaaS company. AI-first companies are scaling faster than ever before India’s artificial

Sundar Pichai Sees AI Boom for India

Alphabet CEO noted Google’s potential to closely collaborate with India on digital transformation….reports Asian Lite News Following his meeting with Prime Minister Narendra Modi on the sidelines of the AI Action Summit
Go toTop