Despite Critism, TikTok Is Making MAD Money

News24xx.com - Last week, Sensor Tower released a report which details TikTok’s (a short video making app) download performance. According to the company, the Chinese app is the world’s most downloaded application (non-game) in May 2020. For May 2019, this app has about 111.9 million downloads. This is over twice the number of installs it got in May 2019.

Today, Sensor Tower again released the financial assessment of TikTok. According to the company, TikTok attracted more than $95.7 million in the global App Store and Google Play. This value is more than 10 times that of May last year. Among them, about 89% of the revenue comes from the Chinese market. Interestingly, the US market ranks second, contributing 6.2% of the revenue. In the third position is the Turkish market, accounting for 1.2%. See the chart below for the complete list of the top 10 global mobile app revenues.

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Well, TikTok attracted more funds than heavyweights like YouTube in the second position with a revenue of $78.4 million. For YouTube, this figure is a 77.3% increase over the same period of last year. American users contributed 55.7% of YouTube’s revenue, followed by Japanese users, accounting for 11.8%.

According to statistics, the country with the most installed TikTok apps in May is India. Of the 111.9 million downloads, India accounts for over 20% of the total downloads. Despite several warnings from top U.S. officials, the United States still accounts for 9.3% of the total TikTok downloads. From the perspective of mobile phone systems, TikTok ranks first in Android downloads in May. However, for the iOS system, it ranks second, behind online meeting software, Zoom.