Google Play Store sales drop in first half of 2022 - SensorTower

ePlay Digital

01/07/2022 13:49

** Consumer spending on Google's  GOOGL.O  Play Store fell
7.4% to $21.3 bln in the six months ended June 30, compared to
the same period last year, according to app-metrics tracking
firm SensorTower 
    ** In H1 2021, Play Store clocked record performance,
growing 30% compared to the same period in the previous year
    ** Spends on Apple Inc's  AAPL.O  App Store grew 5.6% to
$43.7 bln in the H1 2022 y/y
    ** Overall, app spending reached $65 bln, up 1%
    ** App stores revenue, which includes sale apps and digital
goods like subscriptions, is increasingly becoming a more
significant portion of overall sales at AAPL and GOOGL as they
focus on service businesses
    ** Although consumer spending continued to climb, app
adoption has cooled off; Total app installs across Play Store
and App Store fell 1.5% to 71.2 billion installs
    ** Per the data, top five top-grossing non-game apps were
TikTok, YouTube, Google One, Tinder  MTCH.O  and Disney+  DIS.N 

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))