In the two weeks ending January 3, customers spent over $1.1 billion on apps and in-app purchases, setting back-to-back weekly records for traffic and purchases. January 1, 2016 marked the biggest day in App Store history with customers spending over $144 million. It broke the previous single-day record set just a week earlier on Christmas Day.
Paraphrased, “customers were bilked out of over $1.1 billion by scammy in-app purchases in the two weeks surrounding Christmas this holiday season.”