Apple has now paid $5.5 billion to developers over lifetime of its app store, set to hit $4.2 billion in app sales this year
Apple’s chief financial officer Peter Oppenheimer said today that the company has now paid out more than $5.5 billion to developers, up from the $4 billion the company reported in January.
This implies the App Store has generated more than $7.8 billion in revenue over its lifetime, and Apple has earned roughly $2.34 billion dollars from its 30 percent cut of revenues. Earlier this year, we estimated the iTunes App Store had generated a total lifetime revenue of $5.7
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