US Apple App Store Consumer Spending Falls for First Time in 10 Years
JH Kim
Summary
- Consumer spending on the US Apple App Store fell from a year earlier for the first time in a decade.
- US App Store consumer spending declined in the second quarter from the same period a year earlier.
- The decline is expected to sharpen focus on whether spending in the US mobile app market is slowing.
Forecast Trend Report by Period
Consumer spending on Apple's App Store in the US fell from a year earlier for the first time in a decade.
Cointelegraph reported on Aug. 25 that consumer spending on the US App Store declined in the second quarter from the same period a year earlier.
It marked the first year-over-year decline in quarterly consumer spending on the US App Store in 10 years.
App Store consumer spending is one gauge of demand for Apple's services business and the mobile app market. The decline is expected to sharpen focus on whether spending in the US mobile app market is slowing.
JH Kim
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