These 3 Companies Aren't Happy With Apple’s App Store
Apple's (NASDAQ: AAPL) App Store hosts over 2 million apps, making it the world's second-largest app store after Alphabet's Google Play. Apple doesn't regularly disclose its App Store revenue, but CNBC analysts estimate it generated up to $50 billion in gross sales last year.
Based on Apple's 30% cut of those sales, the App Store generated $15 billion in revenue -- or 6% of its top line -- last year. It would account for roughly a third of Apple's growing Services segment revenue, which also includes Apple Pay, Apple Music, Apple Arcade, and Apple TV+.
Apple expects the expansion of its Services segment to reduce its dependence on the iPhone, which generated over half its revenue last year, and lock in more customers. However, three major companies are now questioning Apple's App Store fees.
Source Fool.com
