Apple Has Paid One Billion Dollars To App Developers

Apple Has Paid One Billion Dollars To App Developers

Steve Jobs just announced that Apple has paid out over one billion (yes, with a “b”) dollars to their app developers since the App Store launched.

Since developers receive 70% of app revenues, the total market for sold apps from the App Store must be a little shy of $1.5 billion.

The other major stat that Jobs mentioned regarding the App Store was that users have downloaded over 5 billion apps.

Image: GDGT

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