App Store Sets New Records for Start of New Year
Submitted by Jon Reed on
Apple (NASDAQ: AAPL) today announced that its App Store broke sales records during the first week of 2015. Details of its banner 2014 were released as well.
New Year's day proved to be the App Store's biggest day in its history and, with around half a billion dollars generated by app and in-app purchases, the week that followed was a record breaker as well. 2014 saw a 50% increase in app sales, which resulted in $10 billion in revenue for developers. Apple SVP of Internet Software and Services, Eddy Cue, praised the developer community: "We're so proud of the creativity and innovation developers bring to the apps they create for iOS users and that the developer community has now earned over $25 billion.” $25 billion is the total revenue for developers since the App Store opened in 2008, which means the app market is growing at a tremendous rate, as last year's revenue alone represents 40% of the total.
