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Bank of America has released its latest App Store performance data, and observed that while revenue is growing faster than downloads, users are shifting how they spend their money.
According to the report (via Investing.com), which cited SensorTower data, global App Store revenue rose 12% year over year in June, while downloads were up just 4%.
That widening gap suggests a positive shift in monetization, although users are reportedly increasingly spending more in non-gaming…
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Bank of America has released its latest App Store performance data, and observed that while revenue is growing faster than downloads, users are shifting how they spend their money.
According to the report (via Investing.com), which cited SensorTower data, global App Store revenue rose 12% year over year in June, while downloads were up just 4%.
That widening gap suggests a positive shift in monetization, although users are reportedly increasingly spending more in non-gaming…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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