
Is Apple's App Store the cherry on top?
Published: 11 August 2008 16:06 BST
Apple has raked in about $30m in sales of iPhone applications in the one month since the company opened its App Store and brought the iPhone 3G onto the market, CEO Steve Jobs told The Wall Street Journal.
Jobs also sees big numbers ahead, if Apple continues its current pace of selling an average of $1m worth of applications per day. That rate would add up to $360m by the first anniversary of the launch of the iPhone 3G and the App Store, Jobs told the Journal. "Who knows? Maybe it will be a $1bn marketplace at some point in time," he added.
In the App Store's first month, Jobs said, iPhone users have downloaded upward of 60 million applications. Many iPhone applications are available for free.
While much of the glory for that accomplishment goes to Apple, a lot of the money does not. About 70 per cent of the proceeds - or roughly $21m so far, Jobs said - are going to the creators of the software applications for the Apple smart phone, leaving 30 per cent for Apple itself - or about enough to cover expenses.
The top 10 developers have accounted for about $9m, or just less than half of the total take for developers, Jobs told the Journal.
London and New YorkOur client is a mobile telecoms company based in London and New York.They are urgently seeking a Senior Developer with experience ...
Store Manager- Value High Street RetailerTo apply, please send your CV to mr@detail2retail.com or click the "Apply" button below.The Company:Our ...
Store Manager - Leading High Street RetailerTo apply, please send your CV to mr@detail2retail.com or click the "Apply" button below.The Company:Our ...
Agenda Setters 2008
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Rob Bamforth Seeking memorable mobile apps Quocirca's Straight Talking: Why are there so few?
Stewart Baines How much SEO is too much? Net Effect: Plus 10 tips on boosting your site's profile