Apple: July was a record month for App Store revenue
by Brent Dirks
August 5, 2014
July was a big month for the App Store. Apple has told CNBC that the store tallied record-setting revenue and app transactions during the month.
Apple CEO Tim Cook took to Twitter to thank developers:
Thanks to our amazing developer community! Apple says July was record-setting month for app store revenue http://t.co/BI8wFTTG5V
— Tim Cook (@tim_cook) August 5, 2014
That news comes after Apple announced better-than-expected earnings for third quarter of fiscal year 2014 earlier this month. For the three-month period, Apple posted revenue of $37.4 billion with a net profit of $7.7 billion.
Compared to the same quarter in 2013, iPhone sales were up more than 10 percent while iPad sales numbers were down more than 1 million units.
Cook recently said there have been 75 billion total downloads from the App Store since it was introduced in 2008. Apple has paid more than $20 billion to developers. Half of that has been paid in the last 12 months.
Currently, there are more than 1.2 million titles on the App Store.
With iOS 8, which will officially arrive sometime this fall, Apple is making some significant improvements to the store, including trending searches, app bundles, and more.
For other news today, see: A new infographic puts the popularity of Apple's iPhone and iPad into perspective, Apple to open third retail store in the Netherlands, located in The Hague, on Aug. 9, and Apple Stores are now replacing iPhone 5s screens on-site.
