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
