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Over 160 games for the iPhone, reveals Jobs

The phone's new App Store will have 500 downloadable applications, one third of which will be games

Steve Jobs, Apple's CEO, has revealed that over 160 games will be available to download for the iPhone upon launch of the devices App Store, in a phone call with the New York Times.

In total 500 applications will be available when the store launches in the US today, 25 per cent of which will be free, 90 per cent will be sold for less than USD 9.99 and one third of the applications will be games.

Jobs also revealed that that Apple doesn't plan to make much money off of the applications, including games, by giving developers a 70 per cent cut of the sales.

"We are not trying to be business partners," said Jobs.

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