Apple App Store Developers raked in $10 billion last year; 2015 off to record breaking start

Apple App Store Developers raked in $10 billion last year; 2015 off to record breaking start
According to a report published on Thursday, New Year's Day 2015 turned out to be the single largest day of sales ever produced by the Apple App Store. For all of 2014, developers brought in record revenue of $10 billion from selling apps, and in-app purchases. That was a 50% improvement over the prior year's figure.

As we noted, 2015 is off to a great start as well. Strong demand for paid apps was seen throughout the first week of 2015 as consumers looked to add apps to the new smartphones and tablets they received for the holidays. For the first seven-days of the year, App Store customers spent half-a billion dollars on apps and in-app purchases, also setting a new record.

According to Apple Senior VP Eddy Cue, developers have earned $25 billion from the sale of paid apps and in-app purchases since the App Store first opened in 2008. Apple also noted that some apps have been doing well thanks to Apple Pay integration. That list would include HotelTonight, OpenTable, Target, and Ticketmaster. Sam Shank, CEO of HotelTonight, said that Apple Pay's easy and secure approach to payments is helping to bring in new customers.

Remember the good old days when Apple and Google would go back and forth reporting how many apps they each had in their respective stores? Currently, there are 1.4 million apps in the App Store with 725,000 made specifically to support the larger screen size of the Apple iPad tablets.

source: AppleInsider


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