Mobile App Spending Is Up, especially since the pandemic began, there has been an enormous boom in Mobile app spending, and that trend shows no signs of stopping.
App sales broke a new record in the first quarter of 2021, with the total clocking in at an impressive $32 billion. That’s up $9 billion from just one year ago.
Apple is the big swinner here, capturing a staggering $21 billion of the total, with Android users making up the $11 billion difference and taking a distant second place. Even so, based on statistics by app analytics firm App Annie, both the Apple and Google Play Stores saw their virtual store revenues increase by 40 percent year over year, an impressive feat indeed.
Although the growth rates in revenues were identical, there were some interesting differences in the kinds of apps that drew the most attention on the two stores. For example, on Google’s Play Store, the most popular apps that people were spending money on tends to be social, financial, and productivity tools. At the same time, on the Apple Store, the biggest draws were games, financing, and networking apps.
It seems a significant chunk of What’s App’s user base rebelling , finding other alternatives, with many of them gravitating to Signal. It’s unclear whether the mass migration away from What’s App will cause the company to change their minds and revise their privacy agreement, and if they do, it’s unclear that their departed users would bother to return.
Interesting times indeed, and the app ecosystem is bustling. If you’re considering launching an app with a paid option, now looks like a fantastic time to do so.