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Apple Inc. (AAPL)’s App Store Set New Records, Is Google Inc (GOOGL) Play Slipping?

Apple Inc. (NASDAQ:AAPL) had a record breaking year not only with their iPhone 6 launch, but also with its App store revenue generation. CNBC’s Josh Lipton reported on CNBC about Apple Inc. (NASDAQ:AAPL)’s statement that its App store billing increased by 50% in 2014 and generated over $10 billion revenues for the developers. But who is dominating the App store downloads and revenues? Google Inc (NASDAQ:GOOGL)’s Google Play is the most preferred app store by many android users.

Apple, is AAPL a good stock to buy, Google, is GOOGL a good stock to buy, Guy Kawasaki, iPhone, Android, iOS,

Lipton reported that Apple Inc. (NASDAQ:AAPL) had a record breaking year for App store. He mentioned that Apple Inc. (NASDAQ:AAPL)’s App store developers have earned $10 billion in 2014 and a total of $25 billion till date from the sales of apps and games. He added that the 50% billing increase in 2014 is getting reflected into 2015 as well.

First week of January has recorded $0.5 billion revenue for developers, which is again a new record. Another record was set on the New Year day, which had the biggest sales in a single day since App stores introduction in 2008. Lipton added that App store development and iOS ecosystem has generated over 627,000 jobs in US till date.

“App store is a big battle ground between Apple and Google. According to App Annie, Google play downloads were about 60% higher than iOS app store downloads in the third quarter. But iOS retained its strong lead in App store revenue. The third quarter iOS App stores revenue was about 60% higher than Google Play,” Lipton said.

Lipton talked about App Annie’s statement that Apple Inc. (NASDAQ:AAPL)’s App store is generating more revenues than Google Inc (NASDAQ:GOOGL) Play, mainly due to nature of the consumers. If the consumer can afford a iPhone, they can definitely afford apps from the App store, on the other hand, Google Play is available in Android devices of a variety of price ranges and consumer sectors.

Lipton added that iOS app store now has 1.4 million apps in 24 categories for iPhone, iPad and iPod users.

Disclosure: None

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