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January 28, 2014 03:46 am GMT
One number in Apple’s results indicates significant year over year growth, and it’s a number that’s vital to the continued success of the platform – the company announced that it paid out $2 billion to developers during its fiscal Q1 2014, which is a record number and also between three and four times what it paid devs during the same period last year. The growth for developer revenue is increasing at a very rapid pace – for all of 2013, the software store paid out $10 billion in total, which means that it’s on pace this year to far exceed that already. It’s a reflection that despite the fact that many critics suggest the App Store has a discovery problem, it’s still the best place for anyone building mobile products to make money. The App Store’s shift to apps that predominantly feature in-app purchases is a possible explainer for the growth rate, as well as there simply being more devs on the platform. A recent survey shows that the App store now derives 92 percent of its revenue from free apps with in-app purchases, compared to just 4 percent from paid apps and another 4 percent from paid apps with in-app purchases. Whatever the case, Apple still clearly dwarfs Google Play when it comes to paying out money to devs, and that doesn’t look likely to change any time soon.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/EATI5ewhvz8/
Apple Pays Out $2 Billion To Developers In Q1 2014
One number in Apple’s results indicates significant year over year growth, and it’s a number that’s vital to the continued success of the platform – the company announced that it paid out $2 billion to developers during its fiscal Q1 2014, which is a record number and also between three and four times what it paid devs during the same period last year. The growth for developer revenue is increasing at a very rapid pace – for all of 2013, the software store paid out $10 billion in total, which means that it’s on pace this year to far exceed that already. It’s a reflection that despite the fact that many critics suggest the App Store has a discovery problem, it’s still the best place for anyone building mobile products to make money. The App Store’s shift to apps that predominantly feature in-app purchases is a possible explainer for the growth rate, as well as there simply being more devs on the platform. A recent survey shows that the App store now derives 92 percent of its revenue from free apps with in-app purchases, compared to just 4 percent from paid apps and another 4 percent from paid apps with in-app purchases. Whatever the case, Apple still clearly dwarfs Google Play when it comes to paying out money to devs, and that doesn’t look likely to change any time soon.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/EATI5ewhvz8/
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