Apple's App Store May Out-earn Global Box Office This Year

A new report predicts that Apple’s App Store could overtake the entire global box office in total revenue in 2018. Apple is poised to make at least $100 million per day from the App Store this year, says to business analyst Horace Dediu. He argued that the app revenues would be enough to surpass the $39.9 billion in global movie ticket sales reported for 2017. “As of this year the App Store alone will overtake Global Box Office revenues,” said Dediu. “The App Store, and Apple services overall, is becoming one of the largest enterprises in the world.” Apple is already off to a strong start in 2018, pulling in $300 million from App Store purchases on January 1st alone. That's a 25% jump from the same day last year, and closed out a mammoth run of $890 million spent between Christmas and New Year’s Day.


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