Consumer Spending on Mobile Apps Reaches Record High in 2023

Consumer Spending on Mobile Apps Hits $171 Billion in 2023

Consumer spending on mobile apps reached a new record of $171 billion in 2023, showing a three percent increase compared to the previous year. This growth came after a two percent decline in 2022. The mobile app economy has now become a half-a-trillion-dollar market, with approximately $1.5 billion being spent every day in 2023 on app store purchases and mobile advertising, reports Reuters.