Over a decade after Apple (NASDAQ: AAPL) launched the App Store, the growth days still aren't over. Overall mobile consumer spending in the third quarter jumped 23% to hit $17.9 billion, according to new estimates released this week from mobile-analytics specialist Sensor Tower. That spending includes revenue from upfront purchases, in-app purchases, and subscriptions.
Expectedly, Apple again beat out Google Play in terms of monetization, even as the Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary enjoyed far greater smartphone market share.
Image source: Apple.