Apple

Apple's App Store reaching record-breaking revenue in July

posted by Paul.K / Aug 06, 2014, 6:45 AM

Apple's App Store reaching record-breaking revenue in July

Apple's mobile business is doing pretty well this year – with the iPhone 5s holding its best-selling smartphone position until May and still having another jump in its sales in July, the company now reports that its App Store sales and transactions for July have reached record-breaking highs.

Exact revenue numbers and customer downloads were not mentioned, however – to put things in perspective – according to last month's Q3 report, the App Store has paid a grand total of $20 billion to app developers since its kickoff in 2008... and nearly half of that total was paid in the last 12 months. CEO Tim Cook said that iTunes was Apple's fastest growing business, thanks to the App Store, marking a 12% increase over last year's results, with $4.5 billion in revenue.

Exact figures are probably going to be revealed at the end of Q3 and Mr. Cook has our curiosity peaked, as he said that he couldn't be happier with Apple's results and that this quarter has been the best since he's been at Apple.

Thanks to our amazing developer community! Apple says July was record-setting month for app store revenue http://t.co/BI8wFTTG5V
— Tim Cook (@tim_cook) August 5, 2014

source: CNBC via MobileSyrup

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8 Comments

1. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

The reason is simple. Most of the apps are paid on App Store which are free on Play Store.

posted on Aug 06, 2014, 6:58 AM 2

2. vincelongman

Posts: 5677; Member since: Feb 10, 2013

Also iOS devices cost relatively more No cheap iPhones/iPads (except for old ones) vs plenty of cheap low end Androids/WP8.1 i.e. iOS owners are relatively richer, so they can afford to buy more

posted on Aug 06, 2014, 7:06 AM 4

4. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

And android pirates..... The ugly side of open source

posted on Aug 06, 2014, 7:21 AM 4

7. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Yea but that isn't exactly because of Android being open source. There is just a larger community of people on Android that are tech savvy and therefore, more able to do it (plus they make it easier for others).

posted on Aug 06, 2014, 10:16 AM 0

3. RebelwithoutaClue unregistered

Don't forget better tablet support in the Appstore Also installing illegals apps is easier on an Android There is only 1 place for official iOS apps There are many for Android

posted on Aug 06, 2014, 7:08 AM 4

5. nithyakr

Posts: 161; Member since: Jun 20, 2014

And App approval process! Apple monitors each and every app before publishing to app store where as in play store almost all the apps are approved (Unless their are malicious). That's why you have thousands of applications for the same functionality in playstore (calculator apps for example) So this result in a better app selection hence result in more downloads. Even though playstore has more apps than app store, if we count the apps with unique functionalities, app store has the upper hand.

posted on Aug 06, 2014, 7:31 AM 1

6. derivativex

Posts: 176; Member since: Jul 15, 2014

Phonearena has data for sales for april?

posted on Aug 06, 2014, 7:51 AM 0

8. androtaku

Posts: 246; Member since: Dec 12, 2013

good for apps developer,their effort being appreciated smartphone are no where it is today without apps dev,and apps dev would go no where if everybody pirates their hardworks