TikTok, an extremely popular social media app, has exceeded 2 billion downloads on iOS and Android, according to a Sensor Tower report. At the end of 2019, the application went over 1,5 billion downloads and currently has the “best quarter for any application” in 2020.
One additional reason for its growth after initial success is the ongoing pandemic of the coronavirus. While people in many countries live in their homes, social media applications are becoming the most popular among users. However, none of them brought in such high rates as TikTok, which was reportedly downloaded 315 million times in the first quarter of 2020 alone.
This is the new quarterly record for smartphone apps, with huge commitments and revenue. 2 billion downloads were received from Android и iOS, but most of his income over his life was mainly received by the latest platform. To date, Apple’s iOS has earned $ 435,3 million, while Android has earned only $ 21,4 million for ByteDance (the parent company behind TikTok).
In terms of regional popularity, China ranked first as a source of revenue for a social networking app, followed by the United States. A Sensor Tower report showed that the Chinese spent $ 331 million on the app (representing 72,3 percent of total revenue), while US residents spent $ 86,5 million (about 19 percent). This demonstrates the huge popularity of applications and their constant growth in the industry, which can keep competitors in suspense.
