Google’s brand value was relatively steady for eight years until 2014. Since then, the company’s brand value saw a steep increase, with 2019 becoming the record year for the tech giant to date and its brand valued at 309 billion U.S. dollars.
Google’s Revenue and App Store competition
The multinational internet service corporation recorded the highest ever revenue, at slightly more than 136 billion U.S. dollars, in 2018. This was an increase of close to 26 billion dollars over the previous year. The company lagged behind Apple with nearly half the revenue, but soared ahead of Microsoft in terms of cash flow in the same year. Google and Apple are direct competitors with rival operating systems – iOS and Android.
Another platform where the two tech companies compete with each other is mobile apps. The Google Play Store and the Apple App Store, both provide platforms for developer apps, as well as some of the backend infrastructure they need. In return, both companies get 30 percent of the app developers profits. Google Play Store has over 1.5 million apps, most of which are paid apps or apps that offer in-app purchases. Google also generates revenue from its Play Store, through paid music, movies, books, and subscriptions. In late 2018, the gross app revenue for Google Play Store amounted to 6.2 billion U.S. dollars, almost half of Apple’s App Store revenue worldwide. This stayed relatively constant in the beginning of 2019, where Google’s Play Store revenue moved up slightly to seven billion U.S. dollars.
Google’s Revenue and App Store competition
The multinational internet service corporation recorded the highest ever revenue, at slightly more than 136 billion U.S. dollars, in 2018. This was an increase of close to 26 billion dollars over the previous year. The company lagged behind Apple with nearly half the revenue, but soared ahead of Microsoft in terms of cash flow in the same year. Google and Apple are direct competitors with rival operating systems – iOS and Android.
Another platform where the two tech companies compete with each other is mobile apps. The Google Play Store and the Apple App Store, both provide platforms for developer apps, as well as some of the backend infrastructure they need. In return, both companies get 30 percent of the app developers profits. Google Play Store has over 1.5 million apps, most of which are paid apps or apps that offer in-app purchases. Google also generates revenue from its Play Store, through paid music, movies, books, and subscriptions. In late 2018, the gross app revenue for Google Play Store amounted to 6.2 billion U.S. dollars, almost half of Apple’s App Store revenue worldwide. This stayed relatively constant in the beginning of 2019, where Google’s Play Store revenue moved up slightly to seven billion U.S. dollars.
