Google Play app store revenue hit $11.2 billion in 2019, lawsuit says


FILE PHOTO: The logo of Google Play is displayed at Tokyo Game Show 2019 in Chiba, east of Tokyo, Japan, September 12, 2019. REUTERS/Issei Kato/File Photo

OAKLAND, Calif. (Reuters) -Alphabet Inc's Google generated $11.2 billion in revenue from its mobile app store in 2019, according to a court filing unsealed on Saturday, offering a clear view into the service's financial results for the first time.

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

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Data of over 148,000 people leaked after ransomware attack on 2 Hong Kong hearing centres
Woman kidnapped by ex rescued after friend tracks her with Find My iPhone, US cops say
Australia scrapped satellite because new tech could 'shoot it out of sky', says defence minister
Instagram plans to use AI to catch teens lying about age
World's first wooden satellite, developed in Japan, heads to space
This humanoid robot can now operate with full autonomy
Scientists use AI to help track penguins in Antarctica
Windows 10 users will soon have to pay to keep getting security updates
Musk and X are epicenter of US election misinformation, experts say
OpenAI in talks with California to become for-profit company, Bloomberg News reports

Others Also Read