Apple CEO Tim Cook and CFO Luca Maestri have provided some fascinating details about the company’s business, chief of which was the revelation that Apple has paid over $20 billion to its App Store developers.
What is truly surprising is how nearly half of the enormous revenue was earned by developers in only the last twelve months, which suggests app downloads and in-app purchases are steadily increasing on the Apple mobile platform.
When it comes to paying developers, Google’s mobile operating system, Android, has nothing on iOS. Google’s internal statistics show that it has paid out around $5 billion to developers in the past 12 months, a number far less than Apple’s, even though there are more Android users than iOS users.
In a mere 12 months, Apple is now generating more profit from the App Store than the combined income of the service’s first four years.
It was in June 2010 that Apple first grossed $1 billion, some 2 years after the launch of the App Store. In 2011, that figure shot up to $2.5 billion. Around June 2012, some 4 years after the introduction of the App Store, Apple revealed that developers had received a total of $5 billion from the company. And now, that figure has risen to an incredible $20 billion.