App Store devs have earned $50 billion

Apple CEO shares news

A quick bit of news from the Apple empire, CEO Tim Cook today revealed on social media that developers have earned $50 billion from the App Store. He added that July was a record-breaking month for the App Store with the highest-ever monthly billings and money paid out to developers. Of course, that's good news for Apple too - it takes a hefty cut of all those transactions.

Last week Apple reported quarterly revenue of $42.4 billion and quarterly net income of $7.8 billion, and shared that it had sold over a billion iPhones.

"Our Services business grew 19 percent year-over-year and App Store revenue was the highest ever, as our installed base continued to grow and transacting customers hit an all-time record," CFO Luca Maestri said.

Related stories

Google doubles down on mobile games with new store Google Play Instant

New store aimed at improving discoverability lets users play games without downloading them first

By Haydn Taylor

Subway Surfers becomes first Android game to pass 1bn downloads

Sybo and Kiloo's mobile hit achieves new milestone after outperforming all other games last year

By James Batchelor

Latest comments

Sign in to contribute

Need an account? Register now.