It’s time for certain companies to rejoice over their hard work as Sensor Tower has released its new year-end reports detailing the top applications of the year gone by. The results clearly reveal the mark left by streaming services as they acquire the title of the best app by Revenue, outside of games.
Swedish podcast and music streaming service, Spotify, has topped the list. It has not just achieved laurels in being on the Number one spot on the iTunes App store but has also managed to become the number one application in earning revenue across both the App store and Google Play platforms.
Not only Spotify, but several other apps also received cause for celebration with the release of this report. Chat app, LINE, has been ranked as the number two app in earning revenue and was followed by Netflix, Tinder, Pandora and HBO NOW. The data declares LINE Manga and the Chinese online video platform, iQiyi, as the 7th and the 8th position holders respectively.
The fascinating joint venture of Walt Disney, 21st Century Fox Entertainment and Comcast – Hulu has also been spotted on the list, as the number 9th app by overall revenue and number 7 app on the App store.
Apart from just listing applications according to revenue or downloads, the list also indicates the rapidly shifting attention from regular television shows to streaming services. What’s more, subscription-based apps that stream music, have also seen some significant growth.
Pandora, which was on the 5th position, had recently announced that it was laying off around 7 percent of its U.S. workforce. It now has more than 4.3 million paid subscribers. But it still faces fierce competition from Apple Music and Spotify, leading to further troubles at the company. With just over one million subscribers, HBO NOW, might have bagged the 6th position but the $15/month price point still appears to be keeping many away.
Talking about the apps on the basis of downloads, unsurprisingly, Facebook, Messenger, WhatsApp, YouTube, Snapchat and Instagram have topped the list yet again. This year, a new notable entry was made by Uber, which earned the 9th position overall and was ranked number 7 on the App store.
Meanwhile, 2016 also saw a remarkable number of downloads of new apps as the total number of downloads reached up to a fantastically high figure of 80 billion! Net revenue from all apps (including games) taking both the App Store and Google Play revenue into account, grew 67 percent over Q4 2015 and managed to reach almost $8.7 billion — up from around $5.2 Billion previously.
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