CHART: Global consumer spending on mobile apps down by 5% in Q3 2022
Worldwide mobile applications download and consumer spending saw a decline in the third quarter of 2022, as in-app purchases, premium apps and subscriptions across both the Apple's App Store and Google Play went down by 4.8% to $31.6 billion from the $33.1 billion in Q2 2021, according to a report by Sensor Tower.
Although the App Store revenue took a dive of 2.3% YoY to $21.2 billion from $21.7 billion in Q3 2021, it continues to generate double the revenue of the Google Play which saw an even steeper decline generating approximately $10.4 billion in consumer spending, down 9.6% YoY from $11.5 billion in Q3 2021.
