Apple just shared some staggering statistics about how well the App Store is doing (AAPL)

pulse

January 4, 2018 11:10 PM

Apple announced new App Store statistics on Thursday.

Apple announced new App Store statistics on Thursday.
It revealed for the first time that over half a billion iPhone and iPad users visit the App Store every week.

Apple has an annual tradition in early January of announcing how well its App Store is doing.

But instead of simply announcing its yearly sales, or total downloads, or other key stats, it gives investors and users a few seemingly random data points.

Still, Wall Street analysts use these data points to back into an estimation of how big Apple's App Store is, especially as it becomes more important to Apple's services business, which executives have talked up in the past two years.

Apple makes money on the App Store because it takes a 30% cut of software and digital goods sold through it, except for subscriptions. The App Store is the only way for most people to install software on an iPhone.

This year, Apple announced:

Last year, Apple said:

You can check out Apple's press release here and its 2016 stats here.

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