You’ve probably heard it’s hard to make money in the App Store, but not for a small few. Last quarter, a staggering 94 percent of App Store revenue generated in the U.S. went to just the top 1 percent of app publishers, according to new data.
Apple’s 13 years of astonishing growth is likely to come to a close today, with the company predicted to report its first quarterly revenue decline since 2003 — well before the iPhone, iPad and Apple Watch were even faint glimmers in Apple execs’ eyes.
The company is expected to reveal that March quarter sales fell 10 percent year-over-year to around $52 billion. Apple first warned that sales would fall in its forecast back in January, although today we’ll find out the extent of that slide.