Apple Says App Store Saw Record Revenue, Customer Transactions in July

app_store_icon_ios_7July was a record-setting month for App Store revenue, according to Apple, seeing both record revenue numbers and a record number of customers making transactions. The company revealed the news to CNBC.

Apple's app store saw record-setting revenue numbers in July, the company told CNBC.

The Cupertino-based company also said that its app store saw a record number of customers making transactions.

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.

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.

Top Rated Comments

mw360 Avatar
98 months ago
Not sure exactly what you mean. If you mean that the developers are only making $5,000 per app per year, I think you need to go beyond averages, and look at this:


* Some developers are making far less than that, because people don't find value in their apps.
* Some developers are making a whole bunch more than that, because their apps are the ones selling on the store.
* Some developers make their money on advertising, which doesn't show up in Apple's numbers.

I don't mean a whole bunch by it, but it's illuminating. Especially when you see some of the malicious or petulant garbage that app store 'reviewers' will write about $1 apps.

I think Apple are still keen to foster the illusion of a gold rush, but its long over. Just the way their search function can only show one app at a time. It's almost as if, like casinos, they're trying to promote a big winner do draw in thousands of losers.
Score: 2 Votes (Like | Disagree)
rdlink Avatar
98 months ago
$5,000 per app per year? That's no way to make a living.

Not sure exactly what you mean. If you mean that the developers are only making $5,000 per app per year, I think you need to go beyond averages, and look at this:


* Some developers are making far less than that, because people don't find value in their apps.
* Some developers are making a whole bunch more than that, because their apps are the ones selling on the store.
* Some developers make their money on advertising, which doesn't show up in Apple's numbers.
Score: 2 Votes (Like | Disagree)
Dulcimer Avatar
98 months ago
And to think that Apple didn't want the App Store in the first place....

Steve Jobs didn't want it in the first place. There were other Apple employees that pushed for it though.
Score: 2 Votes (Like | Disagree)
MacsRgr8 Avatar
98 months ago
And to think that Apple didn't want the App Store in the first place....
Score: 2 Votes (Like | Disagree)
EricTheHalfBee Avatar
98 months ago
Or is being paid to create apps that are free and have no ads,

Plus where did the $5000 figure come from? I can only assume someone did 5,000,000,000/1,211,461 = 4127, but the 1.2m apps weren't all bought last year?
Bingo. At least someone's thinking.

There are countless businesses that would like to have an App for their customers to use. The most obvious ones would be banks who provide an App free of charge for their customers to use to pay bills, check their balance and so on. Larger companies/organizations (like banks, CC companies, schools, sports teams) would have full time developers dedicated to mobile App development.

Smaller companies/organizations aren't going to employ a full-time developer - they're going to hire someone like me (who works part time for an App development company). There are a LOT of App developers like me who make decent money developing Apps for other people.

I don't know why people always assume Apps are only created by individuals who are making next to nothing. Or that there are "zombie Apps" that have few downloads and never make the charts (like that one famous study those idiots recently did) implying that nobody makes money on them.

Open your eyes people, there are lots of Apps you will never hear about unless you walk into a local small business and see a sign that says "Now available on The App Store". Someone got paid to develop that App and just because it's not making money (or the best-selling charts) doesn't mean time was wasted making it.
Score: 1 Votes (Like | Disagree)
chrisbru Avatar
98 months ago
Think how much more that would be if Apple TV had an app store :)
Score: 1 Votes (Like | Disagree)

Popular Stories

airpodsinear 1

AirPods Save Woman's Life With Feature Everyone Should Know

Friday January 21, 2022 2:13 am PST by
Apple's AirPods have been credited with saving a woman's life after a potentially fatal fall, People reports. When a 60-year-old florist in New Jersey tripped and hit her head in her studio, she lost consciousness and awoke heavily bleeding. With nobody around to call for help, she realized she had her AirPods in, and used a "Hey Siri" command to call 911. An operator was able to stay on the ...
iphone 13 earpods

Apple to Stop Including EarPods With Every iPhone Sold in France From Next Week

Friday January 21, 2022 3:21 am PST by
Apple will no longer include EarPods with every iPhone sold in France, starting on January 24, according to a notice posted by a French carrier (via iGeneration). Apple was previously required to include EarPods in the box with the iPhone due to a French law that required every smartphone sold in the country to come with a "handsfree kit," but the law has now been changed in favor of reducing the ...
peloton tv workout cardio

Apple Floated as Potential Buyer of Peloton

Friday January 21, 2022 6:11 am PST by
Following months of bleak news about Peloton's "precarious state," including the revelation that it has halted production of its bikes and treadmills, Apple is being floated as a potential buyer of Peloton's troubled fitness business. Yesterday, CNBC reported that Peloton will temporarily stop production of its connected fitness products due to a "significant reduction" in consumer demand, a ...
Questionable Design Decisions

Apple's Most Questionable Design Decisions in Recent Memory

Sunday January 23, 2022 2:59 am PST by
Apple has always emphasized the depth of thought that goes into the design of its products. In the foreword to Designed by Apple in California, a photo book released by the company in 2016, Jony Ive explains how the company strives "to define objects that appear effortless" and "so simple, coherent and inevitable that there could be no rational alternative." But every once in a while even...
Spring 2022 Apple Products Feature

New iPad Air, Macs, and iPhone SE With 5G Likely to Be Announced at Apple Event This Spring

Thursday January 20, 2022 8:32 am PST by
Earlier this week, Bloomberg's Mark Gurman tweeted that Apple "will be holding a spring event" to announce a new iPhone SE and other hardware. In a recent edition of his newsletter, Gurman said the event is likely to occur in March or April. Gurman did not elaborate on what "other hardware" will be announced at Apple's purported spring event, but rumors suggest at least four products are...
Upcoming Products 2022 Feature

Gurman: Apple Preparing 'Widest Array of New Hardware Products in Its History' for Fall

Sunday January 23, 2022 10:32 am PST by
Apple is working on a number of new products that are set to launch this fall, and Bloomberg's Mark Gurman says that it will be "the widest array" of new devices that Apple has introduced in its history. In his latest "Power On" newsletter, Gurman explains that Apple is working on four new iPhones (iPhone 14, iPhone 14 Max, iPhone 14 Pro, and iPhone 14 Max), an updated low-end MacBook Pro, a ...
apple watch series 7 aluminum colors yellowbg

Apple Watch Charging Bug Fixed in watchOS 8.4 Release Candidate

Thursday January 20, 2022 4:01 pm PST by
The watchOS 8.4 release candidate that was seeded to developers and beta testers this morning addresses an ongoing bug that could cause some Apple Watch chargers not to work properly with the Apple Watch. Back in December, we reported on a growing number of charging issues that Apple Watch Series 7 owners were facing. Since watchOS 8.3, there have been a number of complaints about...
safari icon blue banner

macOS Monterey 12.2 and iOS 15.3 Release Candidates Fix Safari Bug That Leaks Browsing Activity

Thursday January 20, 2022 1:30 pm PST by
The macOS Monterey 12.2 and iOS 15.3 release candidates that came out today appear to address a Safari bug that could cause your recent browsing history and details about your identity to be leaked to malicious entities. As shared last week by browser fingerprinting service FingerprintJS, there is an issue with the WebKit implementation of the IndexedDB JavaScript API. Any website that uses...
apple college discounts

Apple Walks Back UNiDAYS Verification Requirement for U.S. Education Store

Friday January 21, 2022 12:43 pm PST by
Earlier this week, Apple began requiring that customers taking advantage of educational discounts in the United States verify their status as a teacher, student, or school staff member through UNiDAYS. The requirement was a major change as Apple had never asked customers to go through a verification process in the United States before, and now, just three days after verification was added,...