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01-28-2014, 08:20 AM #1
Apple Paid its Devs $2 Billion Last Quarter
Apple wasn't the only one with record earnings last quarter. iOS app developers saw record earnings as well.
On Monday, the iPhone-maker released earnings results for the company's first fiscal quarter of 2014 (the three-month period ending December 31, 2013). Apple saw record iPhone and iPad sales during the quarter, while setting a new revenue earnings record for the company at the same time.
But beyond the interesting sales data shared with the world at large last night, the company also revealed something very promising about how its developers are similarly enjoying the financial gains of the iOS ecosystem. Apple confirmed that its developers were paid a staggering sum of $2 billion last quarter.
"The growth for developer revenue is increasing at a very rapid pace Ė for all of 2013, the software store paid out $10 billion in total, which means that itís on pace this year to far exceed that already," says Darrell Etherington of TechCrunch. "Itís a reflection that despite the fact that many critics suggest the App Store has a discovery problem, itís still the best place for anyone building mobile products to make money."
Analysts say this news comes as an enormous disincentive for Android-focused developers to remain loyal to the little green robot when, clearly, the most green is waiting to be made on iOS.
Source: Tech Crunch