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Epic expert estimates Apple's App Store profit to be nearly 80%

The App Store is an extremely profitable service for Apple, testimony from an Epic Games expert witness claims, with profit margins close to 80% for the digital storefront.Ahead of Apple’s bench trial with Epic Games on May 3, details of the two companies’ financial dealings and activities are coming to light before opening arguments are made by either side. In the latest revelation, it seems that one of Epic’s expert witnesses reckons Apple is earning a lot from the App Store.Testimony from financial and economics researcher Ned Barnes alleges that the App Store has very high operating margins, and has done so consistently for a number of years. According to Barnes, as reported by Bloomberg, the expert uncovered documents showing an operating margin of 77.8% for the App Store in the 2019 fiscal year, and 74.9% for 2018. Read more…
Source: Apple Insider News and Secrets on New Apple Products

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