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

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.
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