Apple pays $8B to developers, up $1B in a month

CEO Tim Cook said during a Goldman Sachs conference that Apple has now paid out $8 billion to developers, up $1 billion from the $7 billion payout figure Apple reported in late January.

In October 2012, Cook announced that Apple had paid out $6.5 billion to developers, and in January Apple announced that the figure had increased to $7 billion, an increase of $500 million in a three month span. From January to February, Apple’s payout to developers increased by $1 billion in only a month, with sales most likely driven by the holiday season.

Apple’s SEC filing for its Q4 2012 earnings showed that 775,000 apps were on the Apple App Store, a number the corporation had already reported in early January. Although, in the Q&A part of the earnings call in late January, Cook said there were 800,000 apps on the App Store. About 300,000 of the 800,000 apps are native iPad apps as well.

“We have over 300,000 apps custom designed for the tablet,” Cook says. “The other guys have a few hundred.”