App Economy slows for first time in 2022, consumer spending down 2%

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  • App ecosystem’s nonstop growth finally slowed in 2022.
  • Mobile analytics firm (previously App Annie) conducted an annual review of the app economy.
  • Consumer spending on mobile apps declined for the first time in 2022.
  • Year-over-year growth was 19% in 2021, but dropped by 2% in 2022.