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A Sensor Tower report has shown that global spending on apps touched $407.6 million on Christmas Day 2020, across the Google Play Store and Apple App Store. 

Report: global app spending on Christmas day touched $407.6 mn

A Sensor Tower report has shown that global spending on apps touched $407.6 million on Christmas Day 2020, across the Google Play Store and Apple App Store.

A Sensor Tower report has shown that global spending on apps touched $407.6 million on Christmas Day 2020, across the Google Play Store and Apple App Store. The report says record spending grew 34.5% year-over-year from 2019, with the majority of spending on mobile games. While Tencent's Honor of Kings earned the most from in-app purchases, TikTok attracted the most consumer spending on apps.

$34 billion in 2 days, that's how much Tencent lost after PUBG ban

Ban on PUBG&nbsp;Mobile by India&nbsp;cost Tencent&nbsp;Holdings $34 million in market value within just 2 days

PUBG&nbsp;Mobile ban costs Tencent&nbsp;$34 billion in 2 days
Tencent&nbsp;Holdings lost millions in market value after ban
PUBG Mobile was&nbsp;Tencent&rsquo;s biggest moneymaker in India
PUBG&nbsp;raked in&nbsp;around 30 million daily active users
India also had the highest number of active users for PUBG

The ban on the popular mobile game PUBG&nbsp;has hit the game&rsquo;s developer Tencent&nbsp;Holdings pretty hard.
Reports say, the Chinese tech giant has lost $34 billion in terms of market value, in just a day after the ban on 118 Chinese apps in India.
PUBG Mobile has been Tencent&rsquo;s biggest moneymaker in India among all the other games that it offers, and raked in&nbsp;around 30 million daily active users.
India is also the leading country when it comes to the total number of active users across the globe, making it Tencent's&nbsp;most crucial market.

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