Thursday, October 01, 2009

APPLE Exceeds 2 Billion IPHONE App Downloads


APPLE INC. said more than 2 billion applications have been downloaded from its APP STORE, marking a milestone for the company's year-old business.

More than 85,000 applications are available to 50 million IPHONE and IPOD TOUCH customers worldwide, Cupertino, California-based Apple said in a statement.

More than 125,000 software designers are registered in APPLE's IPHONE DEVELOPER PROGRAM.

THE APP STORE generates $60 million to $110 million in revenue per quarter for Apple, SANFORD C. BERNSTEIN AND COMPANY analyst TONI SACCONAGHI said in a report last week.

The outside developers, who split revenue with Apple, bring in $140 million to $250 million each quarter, according to the report.

The average cost of a paid Apple program is about $3, Sacconaghi said.

Apple Exceeds 2 Billion iPhone App Downloads

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