App Store revenue, number of customers both reached new records for Apple in July
Apple on Tuesday revealed that the month of July was the best ever for its digital software downloads, as the App Store generated more revenue and had more customers make purchases than ever before.
Apple's record setting month was disclosed by the company to CNBC, on Tuesday, though specifics about July -- including how much revenue the App Store earned or how many active customers it saw -- were not disclosed. Apple later confirmed the same information to AppleInsider.
The details show that the App Store has continued to grow over the years, becoming the top destination for not only users to download new mobile applications, but also for developers to turn a profit from their efforts.
Apple's disclosure comes amid market jitters stirred by hedge funds who are said to be concerned about a market pullback on shares of AAPL. It's possible that the company timed the release to help protect its investors and potentially stave off a downturn.
In the preceding June quarter, Apple had already disclosed that its iTunes billings grew 25 percent in the three-month span, reaching an all-time high.
The company also said at the time, with numbers that did not include July, that developers have earned more than $20 billion on the App Store to date, with nearly half of that in the last year alone, as the business continues to accelerate.
AppleInsider readers can get all of their daily news from the official AppleInsider app, which is available optimized for both iPhone and iPad.
Apple's record setting month was disclosed by the company to CNBC, on Tuesday, though specifics about July -- including how much revenue the App Store earned or how many active customers it saw -- were not disclosed. Apple later confirmed the same information to AppleInsider.
The details show that the App Store has continued to grow over the years, becoming the top destination for not only users to download new mobile applications, but also for developers to turn a profit from their efforts.
Apple's disclosure comes amid market jitters stirred by hedge funds who are said to be concerned about a market pullback on shares of AAPL. It's possible that the company timed the release to help protect its investors and potentially stave off a downturn.
In the preceding June quarter, Apple had already disclosed that its iTunes billings grew 25 percent in the three-month span, reaching an all-time high.
The company also said at the time, with numbers that did not include July, that developers have earned more than $20 billion on the App Store to date, with nearly half of that in the last year alone, as the business continues to accelerate.
AppleInsider readers can get all of their daily news from the official AppleInsider app, which is available optimized for both iPhone and iPad.
Comments
So in the past year alone, Apple made at least $3 billion on downloads? Am I right?
Sounds like it would be in that neighborhood.
I don't think it would make sense for this release to be to "help investors" as the article is proposing. If the stock pulls back, Apple will help investors by buying back more shares.
Straight from Apple.
Hey Google, where are your numbers?
Oh, I forgot. They're so pathetic you don't even break them out on your earnings calls.
Google's cut of PlayStore sales last quarter was around $1.6B according to their latest financial results. That's about 10% of their reported total revenue. In addition AppAnnie was out with a report a couple weeks back indicating overall PlayStore revenue is up about 2.4x from this time last year. They're seeing some success. Perhaps not Apple-esque numbers but approaching a couple billion a quarter ain't bad. A whole lot more than most companies see in an entire year for their entire business.
With that said Eric not every Apple success has to be framed against what Google does. As a percentage of posts you might even bring them up more often than I do.
Google's cut of PlayStore sales last quarter was around $1.6B according to their latest financial results. That's about 10% of their reported total revenue. In addition AppAnnie was out with a report a couple weeks back indicating overall PlayStore revenue is up about 2.4x from this time last year. They're seeing some success. Perhaps not Apple-esque numbers but approaching a couple billion a quarter ain't bad. A whole lot more than most companies see in an entire year for their entire business.
With that said Eric not every Apple success has to be framed against what Google does. As a percentage of posts you might even bring them up more often than I do.
Nah, just mentioned it to see how long it would take the Google shill to respond. Hook. Line. Sinker.
So the App Store must be working for many.
At this time I've pretty given up on the App Store, my iPhone4 iOS7 App Store takes forever to start a download, it just spins!
Nah, just mentioned it to see how long it would take the Google shill to respond. Hook. Line. Sinker.
Normally when people fish it's to catch the fish and eat it. In this case you caught the fish but it ate you and spat your false statements back out.
Well done for catching the fish.
That's roughly correct according to what I've read. Somewhere between 80 and 90% of Google and Apple app stores revenues flow from in-app purchases and primarily in games. Do a search over at AppAnnie for more detailed info.
So posting just to get a reaction then? Not that I believe you but if you're telling the truth there is a word for that: Trolling. Fits right in with hook, line and sinker too.