Google App Store Revenue Hit $11.2 Billion In 2019, Lawsuit Says

Google told the news agency Reuters that the data is being used to mischaracterize their business in a meritless lawsuit

 

Alphabet Inc's Google generated USD 11.2 billion in revenue from its online smartphone application store in 2019, as per to a court filing unveiled on Saturday, offering a clear view into the financial services results for the first time.

 

Attorneys general for Utah and 36 other US states or districts summons Google over alleged antitrust violations with its app store also said in the newly unredacted filing that the business in 2019 had USD 8.5 billion in gross profit and USD 7 billion in operating income, for an operating margin of over 62 percent.

 

The figures include sales of various apps, in-app purchases and application store advertisements.

 

Google told the news agency Reuters that the data is being used to mischaracterize their business in a meritless lawsuit.

 

Google Play app revenue, in its quarterly financial disclosures, with that of other services and accounts for the app store's ad profits as part of another broader category.

 

Attorneys general, as well as mobile app developer Epic Games and others separately summons Google and have pacify that it generates huge profits through the Play Store by taking 30 per cent of the price for every digital good sold inside its app.

 

Google wrangle that alternatives exist to Google's app store and payment systems, though critics say those routes are undebatable and were sometimes blocked.

India Scanner News Network

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