Around the Net
App Store Breaks Record in 2015
- The Verge, Tuesday, January 13, 2015 9:30 AM
For every dollar spent in the App Store, Apple gets 30 cents. It’s a simple fact, but one worth remembering today, as Apple announces record sales figures for the App Store. The company says that billings rose 50 percent in 2014 with developers taking more than $10 billion in revenue from apps and in-app purchases throughout the year. Only eight days into 2015, and the App Store has broken two more records: the single biggest day ever on New Year’s Day, and its best week ever — with nearly half a billion dollars spent in the first seven days of January. This means that last year the App Store saw total sales of around $15 billion (it was $10 billion in 2013) of which Apple took home some $4.5 billion. As the WSJ points out, this is only a small portion of the company's annual sales of $183 billion sales, but it's huge compared to the costs of running the App Store — meaning it's still a "meaningful contributor" to the company's profits.
