Declining US App Store Downloads Offset by Revenue Growth

App Store downloads in the US have seen a decline, with a 9% drop compared to the same period last year, according to research by Appfigures. The decrease is attributed to a loss of interest and market saturation in news, games, and entertainment apps. However, despite the decline in downloads, developers are making more money from their apps, as revenue has grown significantly. This suggests that users are spending more money within the apps they already have. Apple's revenue from services, including the App Store, exceeded $21 billion in the third fiscal quarter of 2023.