Google Play Store Generated Over $11 Billion in Annual Revenue

Episode 1824 (04:52)

Google Play

According to a finding during the app class action lawsuits in court, Google's Play store enjoyed an annual revenue of over $11 billion, $8 billion of which was profit. That's largely due to taking 30% of all app fees as their cut. Leo says 30% looked at first as a good deal since both Google and Apple handle the front end. But as the class-action lawsuits reflect, app developers think that Google is taking too big of a cut.