App Store dev payouts top $20B - Mobile World Live

App Store dev payouts top $20B

23 JUL 2014

Apple said developers have now received more than $20 billion in revenue from selling their products on the App Store.

And nearly half of this has been generated in just the past twelve months, according to the iPhone maker’s CFO, Luca Maestri.

As has been previously revealed, the App Store has now seen more than 75 billion downloads over the course of its six year history, with 1.2 million titles now available.

Speaking in the company’s latest results presentation, Maestri said the figures “truly stands out among our competition as our developers continue to benefit from the broad reach and powerful design of the App Store, coupled with Apple’s large, loyal and very engaged customer base”.

Maestri also revealed that iTunes saw record billings of $5.4 billion during the quarter, up 25 per cent year-on-year “driven by very strong App Store sales”. This translated to iTunes revenue of $2.6 billion, up 8 per cent compared with the equivalent quarter in 2013.

The company’s executives also talked about the potential of the recently-announced partnership with IBM to drive the creation of new types of enterprise apps that tap into the IT giant’s big data capabilities.

Apple CEO Tim Cook even suggested these apps could provide a catalyst for future iPad sales growth.

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Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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