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App Store Makes $500 Million in One Week, Breaks Records

News by Luke Jones on Thursday January 08, 2015.

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Apple's 2015 could not have gone any better so far with the company dominating the Holiday Season with 69 million iPhone units sold. However, the good news does not stop there for the company as it was not just a record breaking few weeks in terms of smartphone sales. Cupertino also recorded a record for its App Store, with almost $500 million in sales for apps (and in-app purchases) over the first week of 2015.

That breaks the company's own record for the amount of revenue drawn from apps in a single week, while New Year?s Day also shattered the record for a single day. The App Store shows now signs of slowing down as 2014 provided a record year in its history, with "recording-breaking 2014 in which billings rose 50 percent and apps generated over $10 billion in revenue for developers." The company says developers have been paid over $25 billion since the store opened.

This year is off to a tremendous start after a record-breaking year for the App Store and our developer community," said Apple's Eddy Cue. "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.

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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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