Apple Has Paid Out Over $8 Billion To Developers


Apple’s App Store has been a massive success for the company with billions of apps downloaded, it has also been a massive success for app developers and Apple’s CEO Tim Cook announced today during a conference at Goldman Sachs that Apple have paid over $8 billion to developers.

In January Apple announced that its app store had reached a massive 40 billion app downloads, they also announced at the same time that they had paid out over $7 billion to developers.

App Store

That means in just one month Apple has paid out over $1 billion US dollars to application developers, and as the app store becomes even more popular the payments to developers are expected to increase significantly over the rest of the year.

Source Cnet