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This article was published on July 22, 2014


Apple has now paid $20 billion to App Store developers

Apple has now paid $20 billion to App Store developers
Josh Ong
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Josh Ong

Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him a Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him at [email protected].

Apple revealed during its fiscal Q3 2014 earnings call that it has paid a total of $20 billion to App Store developers. That’s up from $10 billion in payouts as of June 2013, and $13 billion as of last October.

During the first nine months of this fiscal year, Apple’s iTunes business has been its fastest growing segment, with the App Store playing a significant part in that growth. In the June quarter, iTunes brought in $4.5 billion in revenue, up 12 percent year over year.

Apple Q3 2014 Conference Call

Thumbnail credit: Apple