Google Play App Store revenue reached $ 11.2 billion in 2019, the proceedings say

Oakland, CA: Alphabet Inc’s Google generated $ 11.2 billion in revenue from its mobile app store in 2019, according to court filings opened Saturday, for the first time to get a clear picture of the service’s financial results.

Utah and 36 other U.S. state or district attorney generals have sued Google for antitrust violations in the app store, but with newly unedited filings, the 2019 business crude It said it had a profit of $ 8.5 billion and an operating profit of $ 7 billion. 62% or more.

This number includes app sales, in-app purchases, and app store ads.

Google is fighting accusations of exploiting allegations of monopoly on Android device app sales. The company and its whistleblowers said in a separate filing on Saturday that a trial in late 2022 would be possible.

In its quarterly financial disclosure, Google groups Play app revenue with revenue from other services and describes store advertising revenue as part of another broader category.

Attorney General and mobile app developer Epic Games have sued Google individually, claiming that they will make huge profits through the Play Store by receiving 30% of the price of all digital products sold within the app. doing. Plaintiffs say Google’s cuts are arbitrarily high, sucking in the interests of app developers.

Google claims that there are alternatives to Google’s stores and payment systems, but critics say those routes were infeasible and sometimes blocked.

Plaintiffs allege that through anti-competitive transactions, Google has extended profits to key developers such as League of Legends maker Riot Games and imposed restrictions to keep them in the Play Store.

According to an internal document, Google fears that a successful bypass of the Play Store will reduce the annual profits of the app store by $ 1.1 billion, according to a filing by Epic Games, which opened this month.

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Google Play App Store revenue reached $ 11.2 billion in 2019, the proceedings say

Source link Google Play App Store revenue reached $ 11.2 billion in 2019, the proceedings say

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