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US smartphone in-app purchase spending will hit $42.31 billion this year, up 13.0% over 2021. Growth will slow to the single digits over the next few years, and spending will pass the $50 billion mark in 2025.

Beyond the chart: In-app spending for 2022 shakes out to about $165 per smartphone user, with the money going toward virtual goods and subscriptions. The average smartphone user will lay out more than $6 per month on app subscriptions and almost $8 per month on virtual goods this year.

More like this:

• Report: Mobile App Users and Monetization 2022
• In a snap, social media’s Q2 went into a tailspin: Here’s what advertisers should know
• Article: These apps are ahead of the game on virtual goods