When Apple debuted their new App Store on July 10, 2008, everyone knew it would be a success. But no one could have known it would be this BIG of a success.
The App Store has delivered more than 60 million apps to iPhone/iPod Touch owners in less than a month. According to an interview in the Wall Street Journal, Apple CEO Steve Jobs says that the App Store is bringing in an average of $1 million a day for the fee-based apps which range from $1-10. That’s right. Apple is on track to make $360 million per year from their brand new App Store division even though Apple gives 70% of all App Store revenue to developers.
“I’ve never seen anything like this in my career for software.” ~ Steve Jobs
The Most Popular App
Sega’s Super Monkey Ball ($9.99) game remains the top app, selling 300,000 copies during the store’s first 20 days. We’ll do the math for you on that one: 300,000 * 9.99 = $2,997,000. Not bad for a game Sega only spent 8 weeks working on.
Frank Wilson is a retired teacher with over 30 years of combined experience in the education, small business technology, and real estate business. He now blogs as a hobby and spends most days tinkering with old computers. Wilson is passionate about tech, enjoys fishing, and loves drinking beer.