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App Store Generated $22.2bn in Gaming Revenue in H1 2020, 52% More than Google Play



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App Store’s Revenue Surges 52 Percent More Than Google Play in H1 2020

Recent years have witnessed a surge in the mobile gaming industry, with millions of people choosing gaming apps as their favorite way of entertainment on the go. However, 2020 has delivered new records in the mobile gaming revenues, driven by the boosted user engagement amid the COVID-19 lockdowns.

According to data presented by, App Store generated $22.2bn in gaming revenue in the first half of 2020, 52% more than Google Play.

Gaming Revenues Hit $36.8bn in H1 2020, a 26% Jump Year-on-year

In the first half of 2017, App Store and Google Play hit $22.6bn in combined mobile gaming revenues, revealed the Sensor Tower and Statista data. Statistics show that the App Store generated over 65% of that value. During the first and second quarter of the next year, the combined revenues rose to $26.2bn.

The increasing trend continued in 2019, with mobile gaming profits of the two leading app stores reaching $30.3bn in the first half of the year. The Sensor Tower shows that the first half of 2020 delivered the highest mobile gaming profits so far, with the combined revenue of App Store and Google Play growing to $36.8bn, a 26% jump year-on-year.

Statistics indicate that iPhone users generated 60% of that value. In the first quarter of 2020, the App Store revenue amounted to $10.6bn, an 18% increase year-on-year. The increasing trend continued in the second quarter of the year, with mobile gaming earnings jumping over $11.6bn, the highest App Store quarterly profit.

Statistics show that Android users generated $14.6bn in mobile gaming revenue in the first half of the year. In the second quarter of 2020, Google Play Store recorded revenues of $7.7bn, up from $6.9bn generated in the previous quarter.

Google Play Leads in the Number of Downloads

Although the App Store generated more gaming revenues during the first half of the year, the Sensor Tower data revealed Google Play dominates in the number of downloads.

In the first quarter of 2020, Google Play hit 10.4bn mobile games downloads, a 39% jump year-on-year. The number of downloads continued rising and jumped to 12.4bn in the second quarter of the year. Statistics show the total number of downloads in Google Play store during the first half of 2020 amounted to 22.8bn, a 52% increase year-on-year.

The Sensor Tower data show the number of mobile game downloads in the App Store reached 5.7bn during the first half of the year, four times less than Google Play.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Interswitch is the Most Valuable African Startup



interswitch limited

Interswitch, the leading payment processing company headquartered in Lagos, Nigeria, is Africa’s most valuable start-up at a US$ 1 billion valuation.

Founded in 2002, Interswitch uses switching infrastructure to connect different banks in Nigeria and powered banks’ ATM cards. Presently, the company has over 11,000 ATMs on its network.

In 2010, Helios Investment Partners bought two-thirds of the company and in the following year, Interswitch bought a 60 percent stake in Bankom in Uganda.

Interswitch owns Verve, Nigeria’s most used payment card, and accounted for 18 million of 25 million cards in circulation in Nigeria. The company also owns Quickteller and recently purchased VANSO, a mobile-focused technology provider to banks.

Like Interswitch, Stripe, the company that acquired Nigeria’s Paystack for over US$200 million, is the most valuable startup in the USA at over US$70 billion valuation.

Klarna, Nubank, Paytm and Grab leads in Europe, Latin America, India and Southeast Asia with valuations of US$10.65 billion, US$10 billion, US$16 billion and US$14 billion, respectively.

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E-commerce Black Friday Sales Estimated to Surge by 40% to 10.2 Billion



The 2020 holiday shopping season will be unique, as the pandemic shifted consumer behavior from retail stores to online shopping. In response, many retailers moved their services online to not miss out on this year’s profits. Atlas VPN team decided to look into how e-commerce sales are set to perform in the upcoming long weekend.

Researchers predict that the US e-commerce revenue will exceed last year’s earnings by 49.5% on Thanksgiving day, totaling $6.18 billion in revenue. Black Friday is calculated to reach $10.2 billion in sales, exceeding last years numbers by 39.4%

Rachel Welch, COO of Atlas VPN, shares her tips on how to stay safe when shopping online during the holiday season:

“Watch out for too-good-to-be-true deals from unknown sellers, as cybercriminals will also expect to turn a profit during the holiday season, even though they are not selling anything, except maybe a bag full of disappointment.”

 Finally, analysis shows that on the last day of the long and full of special offers Thanksgiving weekend, consumers will go all out to bring record sales for e-commerce businesses, adding up to $12.89 billion.

To look at these five days from a wider perspective, e-commerce companies can expect to earn around 39.72% more than they did last year.

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Alibaba Merchants Sell $40B in First Half Hour of Singles Day 2020, More than 2019 Event Full Sales



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Singles Day 2020 was a roaring success, cementing its position as the world’s biggest shopping holiday. Sales across Alibaba’s platforms during the event totaled $74.1 billion, up from $38 billion in 2019.

According to the research data analyzed and published by Stock Apps, within the first 30 minutes of the event, the gross merchandise volume (GMV) surpassed 2019’s full-event sales, reaching $40.87 billion.

Moreover, instead of live events, Alibaba had 400 company executives and 30 celebrities hosting livestreams. Based on a study by Coresight, the Chinese livestream market is set to rack in sales worth $125 billion in 2020, compared to $63 billion in 2019. The US livestream market is a small fraction of that, valued at $5 billion.

China’s Tech Heavyweights Lose $280 Billion in Market Cap

Alibaba Singles Day 2020 dwarfed other major shopping holidays as has been the trend in previous years.

According to Practical eCommerce, Amazon Prime Day 2020 sales totaled $10.4 billion up from $7.16 billion in 2019. Cyber Monday sales in the US amounted to $7.9 billion in 2020 according to Statista. Black Friday and Thanksgiving added $9.7 billion to the figure to make $17.6 billion for the weekend.

Similarly, in 2018, Singles Day sold $30.8 billion while Prime Day sold $4.19 billion and Thanksgiving weekend got $14.2 billion.

However, the 2020 Singles Day event came in the wake of Ant Group’s suspension of a $37 billion listing. The suspension resulted in a $76 billion drop in Alibaba’s market cap, as the tech giant owns a two-thirds stake in Ant Group. Moreover, China’s regulators released anti-trust draft rules prior to the event, aimed at controlling monopolistic behavior.

Following the release, Alibaba shares plunged by 9.8%, as shed off 9.2%. Tencent similarly saw a 7.39% drop and Xiaomi fell by 8.18%. For the five companies, there was a combined loss of $280 billion in market capitalization.

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