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Apple Store Starts New Year With Record Profits

  • The Drum, Friday, January 9, 2015 7:50 AM

Apple's App Store saw record profits in the first week of January after half a billion dollars were spent on apps and in-app purchases on New Year's Day. The firm, which takes a 30 percent slice of all sales through its store, earned $5bn from its apps globally in 2014 -- an increase of 50 percent upon 2013. In April, it emerged that the App Store generates 85 percent more revenue than rival Google Play despite the Android platform seeing more downloads worldwide.

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