App Store piracy causing Apple to lose almost a half billion dollars

According to research from 24/7 Wall St., Apple rakes in anywhere between $60 and $110 million a quarter from App Store sales, of which between 13% and 21% of the over three billion downloads are paid apps. That said, Apple is certainly losing out on some money due to the over 100,000 apps available through other stores that commonly pirate legit applications. In fact, almost 40% of the content on these stores is pirated.