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01 April 2022
Cost of Apple Search Ads has risen by 86%
The cost of advertising in search results on Apple's App Store has nearly doubled, according to data from mobile app growth company SplitMetrics.
Why it matters
This follows Apple's launch of iOS 14.5 in April 2021, which enabled users to disable tracking across apps. This damaged the ability of digital ad businesses to offer targeted advertising and track conversions, with Facebook claiming it will lose $10bn in revenue in 2022.