“Apple’s app developers earned as much collectively as Hollywood did from US box offices in 2014,” Sophie Curtis reports for The Telegraph.
“Apple recently revealed that apps generated over $10 billion (£6.6bn) in revenue for developers in 2014, while Hollywood also took $10 billion in box office revenues, according to Box Office Mojo,” Curtis reports. “While Hollywood’s revenue stream is made up of more than just US box office takings, Horace Dediu, founder of analyst firm Asymco, pointed out that the app economy is also made up of more that Apple’s App Store billings. ‘The Apps economy includes Android and ads and service businesses and custom development. Including all revenues, apps are still likely to be bigger than Hollywood,’ he said.”
Curtis reports, “The app industry is also healthier than Hollywood, sustaining many more jobs (627,000 iOS jobs in the US versus 374,000 in Hollywood).”
Read more in the full article here.
Horace Dediu writes for Asymco, “The curious thing is that even though the medium of apps is swamping other forms of entertainment in all measurable ways, comprehension of the phenomenon is lagging.”
Read more, and check out the usual excellent charts, in the full article here.