Story by
Chad Catacchio
Chad Catacchio is a contributor writing on a variety of topics in tech. He has held management positions at a number of tech companies in th Chad Catacchio is a contributor writing on a variety of topics in tech. He has held management positions at a number of tech companies in the US and China. Check out his personal blog to connect with him or follow him on Twitter (if you dare).
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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