China will drive mobile spending to record $380 billion in 2020

  • 📰 latimes
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 19%
  • Publisher: 82%

Mobile app spending and usage hit a record in 2019 and show no signs of tapering off in 2020 as faster cellular connections and more video streaming services come online, industry tracker App Annie says.

United States Headlines News

United States Latest News, United States Headlines

Mobile app spending and usage hit a record in 2019 and show no signs of tapering off this year as faster cellular connections and more big-name video streaming services come online, industry tracker App Annie says.

Among the headline grabbers of 2019 was ByteDance Inc.’s video-sharing platforms including TikTok, which racked up 14.5 billion hours of time watched and grew its audience 200% in the fourth quarter. Nine out of every 10 minutes spent in the app have come from China, App Annie said. Google’s YouTube Music racked up even more impressive numbers, growing worldwide active users 870% over the 24 months ending Dec. 19.

Generation Z — the cohort born after 1997 for whom mobile has become the first screen — is fueling the surge. Income from games continued to grow in 2019, when 1,121 mobile titles brought in more than $5 million in earnings, up from 959 two years prior. One hundred thirty-nine games went beyond $100 million in revenue for the year, up from 88 in 2017.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China forecasts vehicle sales at flat or falling in 2020China expects the country's vehicle sales to remain at around 25 million un... M.A.G.A. There is a need to bring manufacturing jobs back, in the USA. Manufacturing gives a huge opportunity to employ Americans, but the jobs remain unfilled due to lack of interest, lack of employ-ability, and lack of skills. Innovate and invest in workforce training!!!
Source: Reuters - 🏆 2. / 97 Read more »

China confident of stabilizing industrial growth in 2020China is confident of maintaining steady industrial growth this year despite big...
Source: Reuters - 🏆 2. / 97 Read more »

15 Luxurious Beach Getaways For 2020Be it a magical retreat in the Maldives or a memorable stop in Maui, these are the waterfront wonders worth considering for your next vacation:
Source: Forbes - 🏆 394. / 53 Read more »

2020 Producers Guild Awards: The Complete Winners ListThe stars are celebrating the finest producing work of the year.
Source: etnow - 🏆 696. / 51 Read more »

15 Luxurious Beach Getaways For 2020Ko’a Kea Hotel & Resort: A central location on Kauai makes this Forbes Travel Guide Recommended retreat the ideal home base for island adventures Yes Atlantis The Palm, Dubai!!! 🙌🏽 I took my mom on her 1st trip abroad 💕epic
Source: Forbes - 🏆 394. / 53 Read more »

Who Are the 2020 Grammys Tropical Album Nominees?This year’s Tropical category showcases the diversity and deserved popularity of timeless music styles and their many modern fusions.
Source: billboard - 🏆 112. / 63 Read more »