Apple has announced that it has paid out a huge amount of money to developers in fiscal Q1 2014. The payout added up to $2 billion for the first quarter of 2014 alone. That is a record setting amount for Apple according to TechCrunch.
In 2013, Apple paid out a total of $10 billion to developers. If the fast pace of Q1 holds out, Apple is on track to beat that number significantly in 2014. The rapid growth of the dev payouts is in part said to be thanks to the move to in-app payments by many games and apps.
The App Store reportedly gets 92% of its revenue from free apps with in-game purchases. Only 4% of the revenue comes from paid apps with another 4% from paid apps with in-app purchases. Android may be the more popular OS for smartphones but the App Store is still clearly the best place for devs to make money.
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The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
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