Apple Leads In App Sales Despite Smaller Base Of Users

Apple's (AAPL) App Store raked in 60% of mobile app sales last year, despite having a smaller base of users than Alphabet's (GOOGL) Google Play store, BMO Capital Markets reported Wednesday.

Apple's iOS App Store generated $27 billion in revenue in 2016, compared with $18 billion for Google Play, BMO said. The investment bank predicts that Apple will hold its 60% share of app sales for at least the next two years.

"That total spend on iOS apps is larger than (Google) Play store spend may be...

What feeling does this article give you?

#hashtags to follow:

AAPL [+]    App Store [+]    Alphabet [+]    GOOGL [+]    Google Play [+]    BMO Capital Markets [+]    BMO [+]    Google [+]   

More #news: