In South Korea, Google is apparently in negotiation with local carriers to take a larger slice of the revenue pie from the Play Store, according to local analysts.
At present, Google’s revenue share in Korea looks like this – 70% of the proceeds go to the app’s developer, 25% goes to the carrier, and just 5% for itself. These figures don’t mean much if you can’t add them to some real data, so here goes, with May’s sales figures:
|Breakdown||Current %||Proposed %||Current $||Proposed $|
As you can see, changing these percentages makes a big jump in Google’s earnings – $17.5m to $52.5m – and on an annual basis, this could bring Play Store revenue to well over $500 million. Half a yard might not be much to Google, which is worth over $300 bn, but it’s certainly not to be sneezed at.