Apple Has Paid Out $7 Billion/€5.3 Billion to Developers

“Apple offers developers a wealth of resources and tools […] plus a robust ecosystem”

By on January 7th, 2013 16:31 GMT

Eddy Cue, Apple’s senior vice president of Internet Software and Services, confirmed today that the company’s awesome developer community has been paid over seven billion dollars (roughly €5.3 billion) for the 775,000 apps available on iTunes.

In a press release hitting the wires today, Apple confirms that the company’s “incredible developer community has created over 775,000 apps for iPhone, iPad and iPod touch users worldwide, and developers have been paid over seven billion dollars by Apple.”

That’s right: seven billion dollars, or about €5.3 billion, or £4.2 billion.

Eddy Cue said, “It has been an incredible year for the iOS developer community. Developers have made over seven billion dollars on the App Store, and we continue to invest in providing them with the best ecosystem so they can create the most innovative apps in the world.”

The company points out that much of this success is owed to the “wealth of resources and tools” put by Apple at the developers’ disposal “to help them make great apps, plus a robust ecosystem and marketplace which provide customers a safe and easy way to discover them,” referring to the App Store itself.

“Apple also provides developers great ways to monetize apps including in-app purchase, subscriptions and advertising, and helps market and support developer efforts in the App Store and beyond,” the company adds.

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Eddy Cue, senior vice president of Internet Software and Services, Apple
   Eddy Cue, senior vice president of Internet Software and Services, Apple