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Apple's App Store Revenue and Number of Customers Set New Records in July

Aug 6 2014, 2:50am CDT | by , in News | Apple

Apple's App Store Revenue and Number of Customers Set New Records in July

Apple announced on Tuesday that July was the record-setting month for Apple in terms of App Store revenue and number of customers making transactions.

July proves to be a really good month for Apple. In fact, Apple called it a record-setting months. Apple on Tuesday disclosed the fact to CNBC that its App Store scored record revenue due to record number of customers making purchases in July, thanks to the Apple developers’ community.

But the Cupertino-based company did not disclose how much revenue the App Store earned or how many active customers it saw last month. However, Apple CEO, Tim Cook, also confirmed the same information via a tweet later on. 

Apple announced its Q2 earnings in July that were above estimations as the company's share price was reported to be $1.28 per share that was above analyst estimates of $1.23 per share.

"I couldn't be happier. This is the best execution of any quarter since I've been at Apple," CEO Tim Cook said after the earnings announcement.

And now Apple revealed that it saw a record number of digital software downloads in its App Store last month thanks to its developers. Apple had already announced in June that its "iTunes billings grew 25 percent in the three-month span, reaching an all-time high," reported AppleInsider.

 

And the company also said that Apple developers have earned more than $20 billion on the App Store till June 2014. After adding July's numbers, the profit must be huge for developers. 

Apple's App Store showed continuous growth over the past few years and it has now become a top choice of not only users who download mobile apps but also of developers who earn huge profits.

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