News
[PDAs/Phones]| Monday 11th August 2008 |
$1 million per day spent on iPhone apps
10:38AM, Monday 11th August 2008
Apple has sold more than 60 million iPhone applications, Steve Jobs has revealed to the Wall Street Journal.
The company's chief executive says that Apple is taking more than $1 million per day from the iTunes App Store.
"This thing's going to crest a half a billion, soon," Jobs says, adding that it will possibly be worth double that at some point in time.
"I've never seen anything like this in my career for software,"he says.
Apple is keeping 30% of the proceeds from application sales while developers take the rest, but Jobs believes the real benefit to Apple will be from the extra iPhone and iPod Touch sales that the store will generate.
Phones were once differentiated by hardware, he claims, but in the future software will be key.
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