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Apple App Store has generated nearly twice as much revenue in the first half of 2018 as the Google Play Store. Apple CEO Tim Cook shared this detail during the conference call on the third quarter fiscal results of the company Tuesday afternoon
App Apple Store doubled revenue from Google Play
Paid subscription options are available on the App Store. Cook said third-party subscriptions were $ 300 million. He added that subscription revenues are "large and growing".
Apple said a quarterly business turnover of $ 53.3 billion, up 17% from one year to the other and $ 9.55 billion worth of services. The company sold 41.3 million iPhones in the third quarter of 2018, 11.5 million iPad and 3.7 million Macs.
For the future, Apple is expected to realize a turnover of $ 60 to $ 60.2 billion in the fourth quarter of 2018 with gross margins between 38 and 38.5%. Apple's third quarter earnings conference call in 2018 is still underway, so be sure to check out The Mac Observer for coverage of our event.
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