App Store Sales Generated $10 Billion in Revenue for Developers in 2014
Customers across the globe spent nearly half a billion dollars on apps and in-app purchases during the first week of January, setting a new record for billing from the App Store, Apple announced today. New Year’s Day, 2015, marked the single biggest day ever in App Store sales history, the company said in a press release.
The new record comes after a record-breaking 2014, which brought a 50% rise in billings, generating more than $10 billion in revenue for developers. To date, Apple has paid more than $25 billion to developers.
“This year is off to a tremendous start after a record-breaking year for the App Store and our developer community,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “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.”
The press release also provides an update on Apple Pay saying that the mobile payment platform has won the hearts of customers, merchants, and app developers. Since the original announcement, more banks and credit unions have continued to add support for Apple Pay, which now represents roughly 90% of credit card purchase volume in the US.
“The response we’ve seen from HotelTonight customers since the introduction of Apple Pay has been fantastic,” said Sam Shank, CEO, HotelTonight. “Our current customer base is enjoying the convenience of Apple Pay and we’re continuing to see a growing number of new customers because of Apple Pay’s easy and secure approach to payments.”
The App Store launched in 2008. As of now, there are more than 1.4 million apps for iPhone, iPad, and iPod touch users available in 155 countries, and more than 725,000 of these apps are made for the iPad.