Chinese customers driving the Apple App Store biz

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iPhone sales may be slow in China, but Chinese customers are driving Apple’s App Store business. In fact, China accounted for nearly 50% of all app downloads in 2018, pushing the global downloads count to reach a record 194 billion, according to research firm App Annie — as noted by VentureBeat .

The country also accounted for nearly 40% of worldwide consumer spending on apps in 2018, the report says. Global consumer spending on apps reached $101 billion last year, up 75%  since 2016. And 74% of all money spent on apps last year came from games.