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App Store and iTunes continue to grow

News by Luke Jones on Tuesday August 05, 2014.

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iTunes and the App Store thrived last quarter
iTunes and the App Store thrived last quarter

Apple and Google are locked in a number of mobile wars, such as platform and even smartphones, with Android typically besting Apple's iOS with its sheer availability. However, one area where Android has failed to defeat Apple is in terms of monetizing apps, and Cupertino's App Store has just recorded its best ever month just to make the point.

Sure, Android's Google Play Store rakes in plenty of cash from apps, books, music, and movies, but it still lags far behind the money printing machine that is the App Store. Apple's service enjoyed its best ever month through July, making record breaking revenues while seeing a record number of customers download apps. The numbers for the store are pretty staggering with 75 billion applications now downloaded, while Cupertino has paid over $20 billion to developers.

It was not just the App Store that had a bumper month, with iTunes also continuing to be the leading media market for mobile devices. Indeed, as Apple CEO Tim Cook was eager to point out at the company's recent earnings call, iTunes is Apple's fastest growing business. That sort of confounds the idea that streaming services such as Pandora and Netflix would put a strain on Apple?s portal.

Last quarter iTunes recorded a 12% year on year jump and raked in revenues amounting to $4.5 billion. The success mirrored the quarter as a whole, with Apple making $7.7 billion in profit amid increased sales of iPhone and Mac products. The only black mark was the iPad, which fell in sales during the last period.

source: CNBC

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About the author

Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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