Apple's First App Store Transparency Report Reveals Jaw-Dropping Numbers: 1.7M Apps, 373M Weekly Searches, Rejections And More
Portfolio Pulse from Ananya Gairola
Apple released its first-ever App Store Transparency Report, revealing 1.7 million apps, 373 million weekly searches, and app rejections. The report comes as part of a $100 million settlement with App Store developers and amid pressure to allow third-party app stores on iPhones and iPads.
May 20, 2023 | 10:48 am
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Apple's App Store Transparency Report shows strong user interest and app submissions, but also highlights app rejections and developer account terminations. The company faces pressure to allow third-party app stores on its devices.
The report shows strong user interest in the App Store, with 373 million weekly searches, and a large number of app submissions. However, it also highlights app rejections and developer account terminations, which could be a concern for some investors. Additionally, Apple is facing pressure to allow third-party app stores on its devices, which could impact its control over the app ecosystem. Overall, the short-term impact on Apple's stock price is neutral, as the positive and negative aspects of the report may balance each other out.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100