China beats US to become world’s largest market for iOS apps

Analytics firm App Annie released its latest report this week, revealing that China has surpassed the US to become the world’s biggest market for Apple App Store revenue on the iPhone and iPad.

In its disclosure that China is now the biggest market in the world for iOS apps, App Annie said in its new report that a whopping $1.7 billion was spent by users of iOS devices in China at Apple’s App Store in the 2016 third quarter.

The mentioned third-quarter spending by Chinese iOS users at the App Store surpassed US iOS users’ spending by 15 percent; thereby enabling China to top the US in App Store spending during the mentioned quarter.

In comparison, in the 2015 third quarter, iOS users in China had spent nearly $700 million at the App Store. The mentioned spending was much less than what iOS users in the US and Japan had spent at the App Store in the same quarter.

As such, the latest iOS app spending totals revealed by App Annie in its report largely highlight the fact that there has been a huge increase in the value of App Store spending in China in 2016.