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Categories: apple Netflix

#Netflix is fueling a surge of revenue growth for #Apple ‘s App Store, according to data released by analytics firm Sensor Tower on Tuesday. Spending rose 130 percent year-over-year in 2016 in the “entertainment” category of the App Store, which includes #HBONow, #Hulu and Netflix, according to data from Sensor Tower. Netflix in particular saw revenue hit $58 million in the fourth quarter, up from just $7.9 million a year earlier, Sensor Tower said, in a report released on Tuesday. The data comes as investors are increasingly asking if Apple should buy an entertainment technology company, like Netflix, to draw down its enormous pile of cash and boost ambitious plans for the App Store.

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