IPhone App Store Stands At 60m Downloads And $30m In Sales

Posted: Aug 11 2008, 3:05am CDT | by , Updated: Aug 11 2010, 9:58am CDT, in News | Mobile Phones

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We already reported that some iPhone App developers already made a surprising amount of money with their software on the iTunes App Store. Now Steve Jobs told the WSJ in an interview that the iPhone App store already served up 60 million downloads translating in $30 million in sales in the first month.
Steve Jobs already talks about the App Store becoming a billion dollar a year market place. I think he is not even exaggerating here, because at the current rate the store would already turnover $360m per year and the new iPhone 2 OS is just in its first month.
Additionally the iPhone 3G will launch in many new markets this year and demand is still high for the newest iPhone.
Right now the App Store is not a big revenue generator for Apple as it just keeps 30% of the sales, but it sure will drive even more sales of the iPhone and the iPod touch.
More details on the WSJ.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.




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