The famous short video sharing application (TikTok) witnessed a rise of 310% year on year in the income of internal purchases, according to Apptopia, the startup that tracks revenues and uses of mobile applications.
According to (Apptopia), the internal revenue of Tik Tok application amounted to 50 million USD. Although the annual growth achieved by the application was high, the interesting thing was the increase in just one quarter, as revenues increased from about $ 20 million in the third quarter to $ 50 million in the fourth quarter of 2019.
In addition to Aptopia data, TechCrunch also quotes SensorTower, another company that specializes in monitoring mobile applications, that the growth in the Tik Tok application was much more.
According to the company, the revenue from in-app purchases reached US $ 87 million in the fourth quarter of 2019, in all markets, and via Android and iOS, with the exception of China. Looking at (SensorTower) numbers, annual app revenue increased by 521%.
It is noteworthy that the Chinese company ByteDance is the owner of the application Tik Tok and its value is estimated at about 70 billion US dollars. It had launched the Short Video Sharing app as an advanced version of a previous app, Musical.ly, which it acquired in late 2017.
It is noteworthy that the application of Tik Tok has gained immense popularity in the past two years all over the world, including the United States, which has become afraid of this rise, so the American government decided in some areas to ban the application for fear for the security of its employees from the Chinese government, especially the US military .
According to (Apptopia), the internal revenue of Tik Tok application amounted to 50 million USD. Although the annual growth achieved by the application was high, the interesting thing was the increase in just one quarter, as revenues increased from about $ 20 million in the third quarter to $ 50 million in the fourth quarter of 2019.
In addition to Aptopia data, TechCrunch also quotes SensorTower, another company that specializes in monitoring mobile applications, that the growth in the Tik Tok application was much more.
According to the company, the revenue from in-app purchases reached US $ 87 million in the fourth quarter of 2019, in all markets, and via Android and iOS, with the exception of China. Looking at (SensorTower) numbers, annual app revenue increased by 521%.
It is noteworthy that the Chinese company ByteDance is the owner of the application Tik Tok and its value is estimated at about 70 billion US dollars. It had launched the Short Video Sharing app as an advanced version of a previous app, Musical.ly, which it acquired in late 2017.
It is noteworthy that the application of Tik Tok has gained immense popularity in the past two years all over the world, including the United States, which has become afraid of this rise, so the American government decided in some areas to ban the application for fear for the security of its employees from the Chinese government, especially the US military .
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