iTunes App Store has now paid out $7B to developers
Apple announced on its earning call today that the iTunes App Store has now paid out $7 billion to developers. This means that the iTunes App Store has earned a total of $10 billion over its lifetime, with Apple earning $3 billion from a 30 percent cut of sales.
Apple also revealed that it broke its previous app downloads records, with 2 billion apps downloaded in the month of december alone.
The iTunes App Store now has half a billion account holders in 155 countries. As we’ve reported a few weeks ago, the App Store had recently exceeded 40 billion downloads. Apple’s SEC filing also showed a 775,000 figure of apps in total on the App Store, but later during the Q&A portion of the call, Apple CEO Tim Cook said that there are now 800,000 apps on the App Store.