Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    District by Zomato Celebrates Messi Mania in India with Exclusive Cinematic Film Ahead of GOAT Tour

    October 9, 2025

    Under Armour Launches UA ECHO in India: Where Performance Meets Street Style

    October 9, 2025

    Mumbai Gets ‘Mumbai One’ App: One Ticket for All Public Transport

    October 9, 2025
    Facebook X (Twitter) Instagram YouTube
    • Subscribe to the Magazine
    • Join our Newsletter
    • BBC TopGear India
    • Influencer News
    Friday, October 10
    Facebook X (Twitter) Instagram Pinterest YouTube Tumblr LinkedIn
    Exhibit TechExhibit Tech
    • Home
    • Tech & AI
      • Tech News
      • Tech Launches
      • Tech Features
      • Gaming
      • AI & Robotics
      • Social Media
      • Cybersecurity
      • FinTech
      • Crypto
      • Space
      • Software & Apps
    • Reviews
      • Smartphone Reviews
      • Smartwatch Reviews
      • Headphone Reviews
      • Laptop Reviews
      • Tablet Reviews
      • Earbud Reviews
      • Camera
      • Speakers
      • PC components
      • Accessories
      • Best TV Reviews in India – Find Your Next Screen with Exhibit.tech
      • Compare the Best Gadgets in India – Smartphones, Laptops, Wearables & More
      • Best Gadget to use
    • Auto
      • Auto News
      • Auto Reviews
      • Auto Tech
      • Vehicles
        • Cars
        • Bikes
    • Deals and Offer
    • Lifestyle
      • Travel
      • Entertainment
        • Fashion
        • Sports
        • OTT
        • Music
        • Movies
      • Watches
      • Health
      • Sneakerhead
      • Lifestyle Features
    • Guides
      • Explained
      • How To’s
      • How Big Is
      • Tips and Tricks
      • Screw Ups
    • Interviews
      • Creators
      • Tech Talks
      • Celebrities
      • Top 100 Leaders
        • Tech & Auto 2025
      • Founder’s club
      • Petrol Head
      • Marketing Minds
      • Editor’s note
    • Events
      • Influencex Awards
        • InfluencEX Winner 2024
        • InfluencEX Winner 2023
      • Exhibit Tech Awards
        • Tech Awards Winners 2024
        • Jury 2024
        • Tech Awards Winners 2023
      • Tech Fashion Tour
      • TopGear India Awards
    Exhibit TechExhibit Tech
    Home >> Lifestyle >> TikTok shines as the first app to achieve $10 billion in-app spending in 2023
    Lifestyle

    TikTok shines as the first app to achieve $10 billion in-app spending in 2023

    By Sandesh BhosleJanuary 12, 20242 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    2023 unveiled a fascinating narrative of financial ascent, especially in the dynamic world of app economics. As reported by Bloomberg’s incisive analysis, app spending experienced an exhilarating 11% surge in revenue, with a noteworthy shift in preferences shaping the digital landscape.

    The propulsion in revenue was spearheaded by an insatiable appetite for video platforms, orchestrating an ascendant trajectory. Conversely, the gaming domain witnessed a marginal dip of 2% on an annual scale, marking a nuanced dichotomy in user preferences.

    TikTok, the omnipresent social media phenomenon under the ByteDance umbrella, etched its name in history by surpassing the coveted $10 billion threshold in in-app spending. This milestone wasn’t a stroke of luck; rather, it was the culmination of an innovative system that empowered users to financially appreciate their beloved content creators and live streamers. Market pundits proclaimed that TikTok had cracked the enigma of mobile monetisation, setting a benchmark for its counterparts.

    While games took a back seat in revenue generation, app spending experienced a transformative surge, fueled by users investing in streaming, user-generated content, and dating platforms. However, the undisputed heavyweight champion of mobile revenue remained advertising, claiming two-thirds of mobile sales and surging to an impressive $362 billion, an 8% increment from the previous year.

    In tandem with escalated spending, users globally found solace in their smartphones for more extended periods. Indonesia emerged as the vanguard, boasting an astounding average of over 6 hours per person daily. The top 10 markets weren’t far behind, clocking in at an average of 5 hours daily, accompanied by a concurrent 3% surge in spending.

    TikTok
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Royal Enfield Extends Its Lifestyle Story with New ‘Get In-Streets’ Apparel Collection

    August 13, 2025

    Under Armour Vanish Elite — The Activewear That Quietly Does Its Job

    July 28, 2025

    Royal Enfield Introduces Sustainable Apparel Line with Conscious Collection

    June 5, 2025

    Comments are closed.

    Top Posts

    Royal Enfield Extends Its Lifestyle Story with New ‘Get In-Streets’ Apparel Collection
    August 13, 2025
    Under Armour Vanish Elite — The Activewear That Quietly Does Its Job
    July 28, 2025
    Royal Enfield Introduces Sustainable Apparel Line with Conscious Collection
    June 5, 2025
    How Smartwatches Help You Stay Healthy and Active
    June 3, 2025
    India’s First Certified LEGO Store in Gurugram Brings Play to Life
    May 23, 2025
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • Twitter
    • Instagram
    • Pinterest
    • LinkedIn
    • Reddit

    Subscribe to Updates

    Latest Posts
    Entertainment

    District by Zomato Celebrates Messi Mania in India with Exclusive Cinematic Film Ahead of GOAT Tour

    By Aadithya HarishOctober 9, 2025
    Sneakers

    Under Armour Launches UA ECHO in India: Where Performance Meets Street Style

    By Aadithya HarishOctober 9, 2025
    Travel

    Mumbai Gets ‘Mumbai One’ App: One Ticket for All Public Transport

    By Aadithya HarishOctober 9, 2025

    Exhibit.Tech, we’re your one-stop destination for everything tech! Whether it’s breaking news about the latest launches from giants like Sony, Vivo, Apple, Huawei, OnePlus, Sennheiser, Poco, and more, or in-depth reviews of mobiles, smartwatches, headphones, TVs, and earbuds – we’ve got you covered.

    Our reviews go beyond the surface, highlighting the pros and cons to help you make informed buying decisions. We’re here to simplify your tech journey with practical tips, tricks, and comprehensive “how-to” guides across a wide range of topics.

    Think of us as your friendly tech companion, helping you stay updated and make sense of the ever-evolving tech world with clarity and ease. At Exhibit.Tech, we make tech work for you!

    Most Popular

    Nothing Just Reinvented Your Phone

    October 1, 2025

    TBW (Terabytes Written) Explained

    September 30, 2025

    OpenAI Introduces Parental Controls in ChatGPT After Teen Tragedy

    September 30, 2025
    Our Pick

    Interview with ViewSonic Leadership: India, Innovation, and the Future of Displays

    September 17, 2025

    Threads to Introduce X-Like Long-Form Text Feature: All You Need to Know

    August 29, 2025

    From Classrooms to Boardrooms: ViewSonic’s Muneer Ahmad on Transforming AV Experiences

    August 29, 2025
    Facebook X (Twitter) Instagram Pinterest YouTube
    • About Us
    • Careers
    • Contact Us
    © 2025 Exhibit Technologies | All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.

    Subscribe to our Newsletter

    Get the most exciting tech news, trends, and breakthroughs delivered straight to your inbox.