Apple users spent $500 million on apps in the first week of 2015

San Francisco: Apple and thousands of mobile software developers are feasting on people's ravenous app-etite for apps.
Users of iPhones, iPads and iPod Touches spent nearly $500 million on applications and in-app services during the first week of the year, according to figures released Thursday. That's the highest weekly volume recorded by Apple since the Cupertino, California, company opened its App Store seven years ago and revolutionised the way people connect with online services and play games.
If sales continue at the same opening-week pace, Apple and the makers of the apps would split up about $25 billion in revenue. Apple's revenue-sharing formula calls for 70 per cent of app sales to be paid to the developers with the rest kept by the company.


Source:
http://ibnlive.in.com/news/apple-users-spent-500-million-on-apps-in-the-first-week-of-2015/522004-11.html