With 2 Million apps on app store; apple paid $50 bn to...

With 2 Million apps on app store; apple paid $50 bn to developers

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Apple’s App Store now has more than 2 million apps, up from 1.5 million apps this time last year, CEO Tim Cook said during its annual developer event Worldwide Developers Conference on Monday.

These apps have generated over 130 billion downloads, up from 100 billion downloads announced in the previous year’s event

Cook also claimed that they have paid out about $50 billion in revenue to developers, up from $40 billion in January this year and $30 billion in the previous year’s event.

Last week, Apple also revamped its eight-year old App Store with a new revenue-sharing model for app developers, offering a 85-15 revenue split for apps with subscriptions that are at least a year old, as compared to existing 70-30 revenue split.

Apple also said it would allow app makers to place search-related ads on the App Store, to help customers discover or re-engage with apps.

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