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Apple Says App Store Saw Record Revenue, Customer Transactions in July
Apple's app store saw record-setting revenue numbers in July, the company told CNBC.During the company's recent financial results call covering the third fiscal quarter of 2014, Apple CEO Tim Cook noted that iTunes software and services were the fastest growing part of Apple's business during the quarter that ended in June. iTunes billings grew 25 percent year over year to an all time quarterly high, and Apple saw iTunes revenue of $4.5 billion, largely due to the continued success of the App Store.
The Cupertino-based company also said that its app store saw a record number of customers making transactions.
As of June, Apple has had 75 billion cumulative App Store downloads, paying out a total of $20 billion to developers, with $5 billion paid in 2014 alone. According to app-tracking site AppShopper, there are 1,211,461 apps available in the App Store, including over 1 million iPhone apps and 610,000 iPad apps. Apple also has more than 21,000 Mac apps available in the Mac App Store.